About The Unemployment Economic Welfare Strategy Based On The Economic Crisis Under The Pandemic

Authors

  • Zijun Liao

DOI:

https://doi.org/10.54097/hbem.v7i.6961

Keywords:

GDP, unemployment, economic welfare, inflation.

Abstract

With the development of the world economy, people's quality of life has improved. The economic welfare of various countries is also constantly improving. Economic welfare can not only help unemployed residents to alleviate their living difficulties and solve the basic survival problems of residents, but also help enterprises in difficulty to relieve the economic pressure. For countries under the pandemic, economic growth is slow or even negative. Many countries have severe inflation. Higher inflation leads workers to demand higher wages, and producers can only make profits by laying off workers or raising prices. This leads to the increase of many residents without living pressure, the number of poverty and unemployment greatly increased. It is economic welfare that can alleviate such problems, as will be mentioned in this article if economic welfare policies are implemented more rationally. We will start by analyzing the changes in economic growth and unemployment rates in different countries under the pandemic. There will also be a focus on economic welfare practices in relation to countries with different economic growth rates and their unemployment rates

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References

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Published

05-04-2023

How to Cite

Liao, Z. (2023). About The Unemployment Economic Welfare Strategy Based On The Economic Crisis Under The Pandemic. Highlights in Business, Economics and Management, 7, 294-299. https://doi.org/10.54097/hbem.v7i.6961