Post by slapstick on Mar 21, 2020 12:22:47 GMT
In my situation, I found out last week my whole department as well as 2 others will be getting laid off at the end of April (nothing to do with the virus) so now I am concerned about how I will look for another job when most businesses are closed or at least likely not hiring new employees right now. Then the summer months are usually dead for hiring. Luckily I still live at home so I am not worrying about trying to pay bills or anything, but it’s still a really irritating situation that all this has to happen at pretty much the worst possible time. At what point is enough and enough and businesses need to start opening again so people can work?
My boyfriend found out his local laundromat will probably be closing next week for an unspecified period of time. Apparently the government thinks laundromats are not an “essential” business, therefore they are subject to close. It makes no sense to me ‘cause clearly laundromats are essential for people like my boyfriend who don’t have in-unit machines. Luckily I offered to let him use my parent’s machines at my house for the time being, ‘cause like where else is he gonna do his laundry? This situation is crazy!
That's why there's some real concern among economists right now - more and more businesses are mandated to shut down, causing less and less consumers to have the same economic power, which in turn causes the rest of the businesses to suffer. Besides that, the closed businesses still have bills to pay, so it's running them dry now. Whatever happens with the corona outbreak, the reality is that we will need an entirely different economic system on the other side at least for some years, because the alternative is a fallen remnant of an economy that will leave tens of millions of working age people in the gutter, and consequentially a failing welfare state with increasingly bigger difficulties in financing social security. That's why so many people in politics are talking about a basic income, with world war levels of government spending.