As Covid-19 forces countries down the path to a recession, leaders around the world have taken a cut in their own wages. Isolation measures have been touted as the best way to slow down the spread of the virus, but they mean halting the in-person economy. With the fight against the coronavirus often being compared to a “war effort,” politicians in Paraguay, Uruguay, Argentina, and Chile, just to name a few, have decided to make this gesture to show they are ready to pitch in.
In Brazil, the lower house announced a BRL 150-million budget cut while the pandemic...
