About 5 million employees of small and medium-sized enterprises may lose half of their income due to quarantine, estimates Lilia Ovcharova, Director of the Institute for Social Policy
In general, about 25% of the Russian economy, i.e. a quarter of all employed people, falls under the full closure in April, estimates Lilia Ovcharova, Director of the Institute for Social Policy at the Higher School of Economics.
The most obvious way to help people is to provide to them unconditional monetary compensations, something like an unconditional basic income, which can be paid from the National Welfare Fund, says Vladimir Gimpelson, Director of the Center for Labor Studies at the Higher School of Economics. Employers should be given subsidies for keeping employment, otherwise they will dismiss thei employees, suggests Lilia Ovcharova, and small and micro-sized enterprises' workers should be allowed to receive unemployment benefits.
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