Re:We'll be stuck in this recession for years, economists say
by iso1631 on Wednesday September 02, 2020 @02:04PM
(#24355941)
Big losers in UK would be
Overpriced coffee shops (not Central Perk style ones in neighbourhoods - takeaway chain ones)
Daily Mail (the metro readership will vanish)
The trains will be interesting - especially in London. UK rail infrastructure is built to cope with large numbers of peak time commuters travelling with large discounts. That infrastructure won't vanish, but the income will (a £3k a year discount for a season ticket still means you're paying £4k a year - if that goes, times a million, it's a lot of operating revenue with little drop in costs)
Of course, but it has a significant, fundamental impact on huge aspects of "the economy" as we know it. Large segments of commerce - particularly in the U.S. - pivot heavily on people spending time and money commuting, spending time in an office, eating and drinking at nearby establishments, etc.
The effects will take some time to shake out.