OT Coronavirus: America in chaos, News and Updates. One million Americans dead and counting

I think a lot of companies won't be hiring back their dead weight. Shave them off the books. They won't be able to get jobs again.

The true economic impact won't hit for a few months. Once things are opening back up.

Right now there is little to no pain out there with economics. As people's savings become depleted, its going to be absolutely rough.

 

Me too. I think at least half of the new unemployed will be unemployed next year at this time. Even if they had important jobs, many small businesses aren't coming back and many big businesses who laid off people will have figured out how to automate those jobs (even administrative work), and or combine roles out of necessity. People can be really creative though new industries could sprout from this enabling new jobs. The longer it goes on the more likely big companies are to have figured it out without the work force too.

 

The longer this goes on, the more businesses will just disappear. These PPP loans won't do jack shit. I see a lot of companies taking the money and defaulting. It'll be a much leaner work force for the future.

 

https://www.economist.com/graphic-d...HnIUOAFxNanQEydIciPLKw0g9Ermw36Y_pk8AF2Vw_UN4

 

And most showed no systems.

 

How so?

The virus is not going to go away. There will be a second wave and probably a third wave. With how infectious the virus is, it will circle the globe several time over. What we're doing right now is not sustainable.

Sweden's approach is the most sensible to me. They haven't completely destroyed their economy - but are trying to take a sensible approach to minimizing spread. When I look at their numbers compared to other countries, they appear to be in the middle of the pack... which really makes me question whether this lock-down is doing any good or if we would've seen the same 'flattening of the curve' if we'd implemented Sweden's approach.

 

See this is a perfect example.

If this is accurate and >70% of inmates (who are by definition in 'lock-down') tested positive, then how does locking down the general public do any good to stop the spread?

 

45% of Americans have nothing in savings.
70% have less than $1,000 in savings.

There is a lot of pain out there economically and most peoples savings are already depleted, if they even had some to begin with.

That said...

Yeah. There are a TON of businesses that are finding out the hard way that a lot of their personnel could’ve been let go long ago.

One of my businesses is profit based consulting and one of the first things we suggest is cut about 50% of the workforce and move as much personnel to WFH as possible if a company culture is already established so they can eliminate office space and expenses, so I think you’re right that people will not be coming back...

I also think there’s gonna be quite a bit more office vacancies.

 

Sweden's taking an interesting gamble, that herd immunity wins out and they'll be able to mostly keep going without long term ramifications. If they're right it could either mean that the factors they have helped them to "get lucky" (small population, lots of single person living situations, a lot of work at home jobs already existed) or they will have made most of the rest of the world look pretty foolish. The problem the US and many other countries will have is inevitably whenever they come back it will be there waiting for them, and immunities won't be built up.

 

I think these corporations are gonna find out how truly unproductive a majority of their workforce is and how much they converse and dick around while on the clock.

they were already well on their way before this hit...

80/20 rule in reverse...

20% of the workforce is responsible for 80% of the results.

Tbh I think there are some CEOs and boards that are relieved, as fucked up as that sounds.

 

There are a few things I've been trying to get solid data on. A.) Has the mortality rate gone up through this, and if so by how much? The CDC and most websites seem to stop having reliable data in 2019 or 2018 depending on the site, but that would tell us a lot. Also the movie line of 40,000 people die per 1% of unemployed, how true is that?

 

Exactly. And very few are talking about this very important point.

We have to establish herd immunity at some point (or develop a vaccine). The virus will not just magically go away if we isolate for a few months.

 

It's screwed up but I think there are some big businesses especially that are totally ok with all this. Reduce their overhead, reduce their competition.

 

The thing about the Trump presidency is that it was a dumpster fire before this whole pandemic came about. The Coronavirus was basically the lighter fluid. Trump has lit the flame.

He pats himself on the back. Antagonizes protesters. Compares himself to Abe Lincoln, contradicts health professionals and uses the daily press briefings to further dig himself in a hole and try to tile up his ignorant base.

yet he still has his blind sheeple.

it’s so bizarre. I listen to right wing radio a lot during the day (honestly for shits and giggles) And even they are starting to run out of excuses for him.

 

Not to mention all the modern lazy AF Americans that would rather suck off the governments 3D printed Tit than be caught dead working in a field.

 

logic doesn't matter to trump or many of his supporters. There are already massive concerns about the food supply for the late spring, summer, and fall. But trump wants to look like he's doing something, and he wants an issue to dog and distract from his failures. This will do it for people that can't imagine the weight of unintended consequences

 

Lol it was a typo. “Symptoms”