The coronavirus outbreak has caused, among other things, a debate around how to best rebuild national economies ravaged by the pandemic. Across the United States, France, Germany and the United Kingdom, significant shares believe their economic system needs either major changes or a complete overhaul, according to a Pew Research Center survey conducted in the late fall of 2020. Few in the four countries say their economy does not need any changes.
The desire for change is strongest in France, where seven-in-ten believe the economic system in their country needs either major changes or to be completely reformed. Half share this view in the U.S., UK and Germany, while around four-in-ten in these three nations say minor changes are warranted. Few would opt for no adjustments to the economic system, ranging from 3% in France to 12% in the U.S. Those who think the overall economic situation in their country is bad are more likely to call for major or total reforms to the system.
When asked about various economic interventions the government could undertake, publics generally voice high levels of support for each potential program. Across five different economic policies, large majorities in all four countries think nearly all are important.
Of the five policies tested, the idea of government-sponsored job and skills training for workers garners the highest shares saying it is very important for their national government to take such action in all countries surveyed.
Sizable shares in these countries also believe it is very important for their government to implement policies targeted at helping those struggling financially, building more public housing, and increasing government benefits to the poor, all three of which are of high import for around four-in-ten or more in each country. Likewise, policies aimed at redistribution – raising taxes on the rich and providing a universal basic income – are very important priorities for at least three-in-ten. Across countries, those with higher levels of income are less likely to support many of these policies. And those who want major changes or total reforms to their national economic systems are also more likely to see these interventions as very important.
The idea of the national government providing more job and skills training for workers has the most support: About six-in-ten or more in each country say it is very important that the government do this. Support for this idea is high across all income and age groups in each country, and about nine-in-ten or more in each of the four countries say that it is very important or somewhat important the national government provides such training.
Chosen excerpts by Job Market Monitor. Read the whole story @ Many in Western Europe and U.S. Want Economic Changes as Pandemic Continues | Pew Research Center