Corporate America Is Getting a Bailout. Its Workers Are Getting Screwed.
The United States could have followed the example set by countries like Denmark, which have guaranteed workers’ wages during the crisis. Instead, America has set itself up for a devastating and unprecedented wave of layoffs.

A grocery store worker recycles boxes on March 28, 2020 in Brooklyn, New York. (Spencer Platt / Getty Images)
The coronavirus pandemic may be global in scale, but its material impact on ordinary workers thus far has varied widely from one country to another — as has the relief offered by national governments when it comes to the lost wages and potential layoffs. As the New York Times observed earlier this week:
In a Queens apartment, a laid-off busboy has no idea if he will make next month’s rent or feed his family. An out-of-work waitress in Amsterdam, though, can count on the government to cover 90 percent of her wages. As a Malaysian florist anxiously burns through her savings, cafe owners in Brussels receive about $4,300 to make up for lost revenue.
With many workplaces shut down and normal economic activity grinding to a halt, the threat of mass layoffs and unprecedented unemployment across the globe cannot be overstated. From factories to restaurants, from offices to day-care centers, regular working rhythms are being disrupted, and ordinary workers are staying at home to slow the virus’s spread — raising the possibility that companies will simply cut their employees off to fend for themselves.