Re:U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Rec...
by tekknik on Wednesday April 29, 2020 @11:30PM
(#23027146)
Do you not understand that if there are not jobs to go back to there will be no eating tomorrow either? If businesses start to go under, and this cascades as it usually does, we could be seeing serious recession, or even economic failure? What do we do about food then? Also what happened to the economic stimulus checks and unemployment system? The systems are definitely taxed but that only shows you how big we’re getting hit atm.
Re:U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Rec...
by mc32 on Wednesday April 29, 2020 @01:24PM
(#23021750)
If businesses employed robots you’d have a point. But most today provide people gainful employment. No businesses left means no one to hire you.
Re:U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Rec...
by Avicebron on Wednesday April 29, 2020 @01:46PM
(#23022007)
Except "gainful employment" has been quietly eroded year after year with things like institutionalizing contract work/gig economy/worship of hustle/eroding worker's rights to organize and bargain with employers...
Re:U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Rec...
by lotsofpulp on Wednesday April 29, 2020 @01:32PM
(#23021845)
The businesses don't disappear because the doors close for a few months. People will still have their colleagues’ contact information to be able to re hire and start again.
Re:U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Rec...
by jl6 on Wednesday April 29, 2020 @02:17PM
(#23022381)
Some businesses can be easily put on hold and restarted later. I’d wager it’s not that easy for most.
Re:U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Rec...
by lotsofpulp on Wednesday April 29, 2020 @02:35PM
(#23022574)
I’d wager those businesses are already classified as essential and kept operating. And if not, that can be a separate issue the government can tackle, but there’s no need for it to be conflated with the issue of keeping people fed and housed.
Re:U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Rec...
by tekknik on Wednesday April 29, 2020 @11:35PM
(#23027165)
just like keeping people fed shouldn’t be conflated with keeping businesses operating and solvent. your logic cuts both ways and businesses shouldn’t have been brought up by the grandparent in the first place
There is no reason assistance to people has to go through business. The reason governments do that is because leaders own equity in the current hierarchy and definitely don’t want to disturb that by giving the lower classes leverage to demand better terms.