One simple idea is catching on in Europe to fight the coronavirus: Pay workers to stay at home and do nothing. | Markets Insider

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One simple idea is catching on in Europe to fight the coronavirus: Pay workers to stay at home and do nothing. | Markets Insider
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One simple idea is catching on in Europe to fight the coronavirus: Pay workers to stay at home and do nothing.

Here are more details surrounding the plans now underway in the three European nations mentioned above.Jacob Gronholt-Pedersen/Reuters

Under the plan, the government would also cover sick leave and compensate businesses for fixed expenditures like rent. It's slated to end in June. "It's going to be harder to have a strong recovery if companies have to spend time hiring back workers that have been fired."Peter Hummelgaard, the nation's Employment Minister, said the government was attempting to address the economic pain of its average citizens with the radical measure.

The government would then provide the company with the funding to cover their employees' wages for the next three months.The UK government said it will pay the wages of workers for the first time in its history.

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