General Discussion

Takket

(21,578 posts) Sun Mar 22, 2020, 11:34 PM Mar 2020

The true economic impact on people

I wonder if anyone has actually looked at what this will do to actual employment numbers in terms of...

% of people that will permanently lose their jobs

% of people that need temporary relief but will return to work

% of people that will continue to work through the crisis

4 replies

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Highlight:

The true economic impact on people (Original Post) Takket Mar 2020 OP

I would guess that no one in the drump... wcmagumba Mar 2020 #1

% of People finding other work but at greatly reduced wages. Captain Zero Mar 2020 #2

I got laid-off today, so I'm wondering which 'bucket' I'll fit into. Snarkoleptic Mar 2020 #3

You'd have to do one study assuming trump/GOPers stay in power, another with Dems. Hoyt Mar 2020 #4

wcmagumba

(2,886 posts)

1. I would guess that no one in the drump...

Reply to Takket (Original post)

Sun Mar 22, 2020, 11:35 PM

Mar 2020

administration has bothered and if they have the true projections will be covered up...its how they roll....

Captain Zero

(6,811 posts)

2. % of People finding other work but at greatly reduced wages.

Reply to Takket (Original post)

Sun Mar 22, 2020, 11:38 PM

Mar 2020

will be another failure of capitalism...

Snarkoleptic

(5,998 posts)

3. I got laid-off today, so I'm wondering which 'bucket' I'll fit into.

Reply to Takket (Original post)

Sun Mar 22, 2020, 11:40 PM

Mar 2020

For now, it's boozy unhappy hour.

Hoyt

(54,770 posts)

4. You'd have to do one study assuming trump/GOPers stay in power, another with Dems.

Reply to Takket (Original post)

Sun Mar 22, 2020, 11:45 PM

Mar 2020

Honestly, we know it will be bad, but hard to gauge until we see how long it takes to get through the actual virus.

I do believe the bright spot is that we’ll move much closer to Scandinavian countries in terms of safety net, including healthcare.

A lot of the unnecessary things too many enjoyed — expensive cars, clothes, big homes, entertainment, vacations, other excesses, etc. — will be a thing of the past, not unlike the roaring 20s before the depression.

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