Denmark govt freezing economy, to pay workers directly during coronavirus

Thoughts on Denmark’s approach to saving their economy? They’re basically guaranteeing 70-75% of a worker’s pay, even if that person is at home, and NOT working. It’s crazy expensive (13% of GDP) with room for exploitation, but they deem it more expensive for businesses and the economy to let people lose their jobs now and then try to hire them back later than just letting people keep their jobs, paying their wages directly, and hoping things get back to normal in 3 months time.

I’m not sure how that would work for people who earn a large majority of their take home from tips, unless they’ve claimed those earnings. But I think it’s a worthy experiment. Their government has 10 political parties, and they needed buy-in from employee unions and employer associations. But everyone came together and agreed to go forward. Impressive.