Home Economics & PolicyThe jobsforlebanon initiative envisions a new labor paradigm for Lebanon

The jobsforlebanon initiative envisions a new labor paradigm for Lebanon

by Thomas Schellen

For those who are addicted to adrenaline rushes from springtime thrill rides, March 2020 may very well be as good as it can ever get. But only as far as the thrills of being exposed to the mother-of-all economic shocks. For the large majority of us, it is a world-engulfing nightmare. For the Lebanese, it is a nightmare that is embedded in a disaster.  This fourth week in March 2020, jobless claims in the United States jumped by a record 3 million filings, and this is just one of the scary numbers from the global labor market. In macroeconomic terms, this month appears as prime candidate to enter the history books as a pinnacle of global economic shocks, a time when some countries started to think seriously about helicopter money and new economic formulas, and a time when Lebanese government officials felt compelled to wax lyrically about social responsibilities, the

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