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California state university system cancels fall classes on campus
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[QUOTE="upstater, post: 3550284, member: 153"] Here's the thing. It's NOT paying the unemployed salary. It's paying the EMPLOYED salary. That's the key difference. The company gets the money for payroll. Even the execs are made whole to a point. This means that while abstract entities like corporations do not produce the same amount of revenue for a few months, very real living people are made whole without being fired. Corporations aren't people too--only their employees are. People are actually still buying computers, even cars, and investing. They are not taking vacations. But if you look at Europe post 2008, you'll see several countries that had even higher unemployment, even higher drops in GDP levels, and these countries stated growing again rapidly within a few years. There are other solutions, but they smell too much like socialism. [/QUOTE]
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California state university system cancels fall classes on campus
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