Tuesday, September 1, 2020

Britain supports two million independent workers due to the Corona crisis.

The Times reported that the British government will announce plans to help nearly 2 million out of 5 million self-employed people during the coronavirus outbreak by putting money directly into their bank accounts.

The newspaper added in its report that it is expected to determine the monthly payments and explore the extent of entitlement to benefit those with lower incomes, according to Reuters.

The International Labor Organization estimates that approximately 25 million additional people may become unemployed, with an income loss of $ 3.4 trillion. But it is clear, from now on, that these numbers may be less than the actual impact.

Guy Ryder, Director-General of the International Labor Organization, said in a press briefing before the launch of the hypothetical G20 summit, which was seen by Al “This epidemic has ruthlessly exposed aspects of the deep imbalances in labor markets. Here are companies of all sizes that have halted operations and reduced hours. Many of them teeter on the brink of collapse, with stores and restaurants shutting down, flights and hotel reservations canceled, and companies shifting to remote work. Often the first to lose their job are workers in already precarious occupations .. sales staff, restaurant and kitchen workers , Handling and cleaning workers.

In our world where unemployment benefits are only provided to one in five people, layoffs are a disaster for millions of families. And because paid sick leave is not available to many caregivers and birth attendants - whom we all depend on today - they are often under pressure to continue working even if they are sick.

In the developing world, hourly or part-time workers, day laborers and unlicensed merchants are subjected to similar pressures due to the need to secure sufficient food for their families, and we will all suffer as a result of that, as it not only will increase the spread of the virus, but in the long run it will greatly expand the circle of poverty and inequality.

"We have a chance to save millions of jobs and enterprises if governments act decisively to ensure business continuity, prevent layoffs and protect vulnerable workers. We must have no doubt that the decisions they take today will determine the health of our societies and economies for years to come."

The adoption of unprecedented expansionary fiscal and monetary policies is essential to prevent the current economic downturn from turning into a long-term depression. We have to make sure people have enough money until the end of the week - and the following week. This means ensuring that companies - the source of income for millions of workers - survive the sharp downturn, and thus be able to take off again as soon as conditions allow.
In particular, there will be a need for specially designed measures for workers most at risk, such as self-employed, part-time or temporary jobs, who may not qualify for unemployment benefits or health insurance and who are difficult to reach.

Many countries have just announced unprecedented stimulus programs to protect their societies and economies and maintain cash flow for workers and companies. To increase the effectiveness of these measures, it is essential that governments cooperate with employers' organizations and trade unions to find practical solutions that keep people safe and protect jobs.