News for hackers. Stuff that matters.

A comment on U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Recession. Parent comment

Re:U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Rec... by jackcosgrove on Wednesday April 29, 2020 @02:19PM (#23022401)
It's even worse because the lockdowns hurt young people economically for the sake of the health of the elderly. The lockdowns are financed by debt which will be paid by the young. The young are also probably much poorer and browner than the elderly.
[ Parent | on HN ]
Re:U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Rec... by stcredzero on Wednesday April 29, 2020 @03:08PM (#23022892)
Right! Also, the lockdowns benefit well-heeled professionals who can work from home while not straining their safety nets. On the other hand, lots of working class and lower middle class people are very strained!
[ Parent | on HN ]