And how do you possibly deal with that right now? Yeah, so you know, right now We have a system of unemployment insurance that was built in a time when a huge shock to employment would be like a 2% or a 4% change. Right. Like if the unemployment rate went from 4% to 6% or 8%, that would be a massive development in our economic system and that would test the limits of our policy tools. (1:01:30–1:01:42)
CLAIM
Asserts that the current unemployment insurance system is outdated for potential large-scale employment shocks.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
