'One way to reduce the economic damage may be job-sharing, an approach that focuses on maximizing jobs by reducing workers' hours rather than resorting to layoffs or furloughs,' Jason Ward writes for CNNBusiness Perspectives.
Jason Ward is an associate economist at the non-profit, non-partisan RAND Corporation. The opinions expressed in this commentary are his own.
.leftside-floating-image { width:100%; display:block; margin:0 auto 1.5rem; } @media screen and { .leftside-floating-image { float:left; width:50%; max-width: 200px; display:block; margin:0 1.5rem 1rem 0; } } There has been no clear signal that the economic damage will end any time soon, either. As businesses reopen across the country, surviving employers may find themselves needing to cut even more jobs due to the financial strain.
Millions more employees who are counting on returning to work may lose their paychecks and face the deterioration of job-related skills the longer they remain at home. Employers, in turn, could face further declines in productivity related to the disruption of their existing workforce, increased unemployment insurance costs and the loss of qualified employees who may find jobs elsewhere before they can be recalled.
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