How can government protect society from the trauma of unemployment?

“Whichever data you look at, especially in the Western world, unemployed people are extremely dissatisfied with their lives—really, really dissatisfied with their lives,” said Nattavudh Powdthavee, professor of behavioral science at Warwick Business School. The hit to social status, self-esteem, and the fear about losing future income pack a bigger emotional punch than the financial damage itself. With a surge in unemployment across the world caused by Covid-19, it’s critical that policies consider the emotional pain of unemployment.