32,000 Airline Employees Were Fired - Airline Layoffs Explained
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United Airlines and American Airlines have begun firing 32,000 Americans because a new stimulus bill was not passed in time to save the airlines. Here's what's happening to airlines
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32,000 Airline Employees Were Fired - Airline Layoffs Explained
0:22 - Airlines are struggling and are laying off 32,000 employees because a new bailout was not passed
1:29 - How much should a business have in savings
3:00 - The first airline bailout to keep airlines in business
4:14 - Airlines announced layoffs as soon as they received bailout money
4:56 - Why a stimulus bill was not passed
5:46 - The real cost of free money
6:24 - Do we let airlines fail in a free market
7:24 - The real cost of a $25 bailout for airlines and understanding moral hazard
9:25 - What if we let airlines fail and gave money to the people
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This Video: • 32,000 Airline Employees Were Fired -...
Channel: / minoritymindset
Video host: Jaspreet Singh
DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you.
DISCLAIMER CONT'D: I'm just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.
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