Minerd Sees a ‘Long Haul’ to Get Unemployment Back Where It Was

The video discusses the potential for rolling shutdowns over two years and their impact on unemployment, projecting rates between 14% and 17%, with a slow recovery expected. It highlights the changing interaction between business and government, emphasizing the need for long-term plans to reduce unemployment. The video also addresses social inequality, criticizing government policies for ignoring unintended consequences and warning against unproductive solutions like dramatic tax increases.

What is the expected peak unemployment rate due to rolling shutdowns?

• 14%

• 10%

• 20%

• 17%

By the end of the year, what unemployment rate is considered achievable?

• 12%

• 10%

• 7%

• 5%

What is a major concern regarding the interaction between business and government?

• Social inequality

• Decreased productivity

• Rising inflation

• Increased unemployment

What is a potential negative outcome of government addressing inequality?

• Reduced economic growth

• Decreased social programs

• Increased unemployment

• Dramatic tax increases

What is a suggested alternative to raising taxes to address inequality?

• Reducing government spending

• Implementing economic reforms

• Increasing tariffs

• Cutting social programs