"What a revolting development this is."
Now, if only more Governors like PA's Tom Wolf continue their idiocy we can get that number up to around 50%.
Hopefully, the economy will rebound within a couple years. This has been brutal.
America’s globalist enemies on the left are working to make this true, to guarantee their election victory in November. If we can reopen states sooner, those jobs will come back, and that frightens Pelosi, Soros, and the rest of the hateful socialists who want power over us.
And this was always the goal of the criminal democrats. Now they can make these desperate people dependent on government and get them to permanently vote for democrats.
JoMa
"What a revolting development this is."
Now, if only more Governors like PA's Tom Wolf continue their idiocy we can get that number up to around 50%.
The stock market only dropped 500 points. Think about that.
This 42% figure is essentially just someone’s wild guess, so I’ll take it with a grain of salt. What I’m hearing through friends and acquaintances, though, is that a fair number of restaurants and retailers that were having troubles before covid-19 will not reopen. Buffett’s old line that when the tide goes out you see who’s been swimming naked is apt to some extent. If you were teetering on the edge of failure in during a *good* economy, and then you get involuntarily shut down for 2+ months, well, you’re pretty much down for the count.
There is no precedent for the current economic conditions, so anyone trying to predict the future is just taking a wild-ass guess.
I doubt it.
The US hasn't been carpet bombed, and much of our 18 to 35 year old workforce isn't scattered dead all over Europe.
It shouldn't take the US nearly that long to recover from the ChiCom virus.
Might be true but not the best characterization.
1. Some businesses might not return. Many go bust each year anyway.
2. Some jobs within returning businesses might not return. Businesses that do return might downsize or otherwise restructure.
3. Not part of the headline, but certainly part of the story is that new businesses will form.
So the net result will never be 42 percent job losses.
I don’t believe that.
We started a shutdown quite early, but it was VERY aggressive. Everything was shutdown, except grocery stores and small shops. Everything else was closed.
Even informal shops.
Now we are opening up again, and things are sort of going nuts. I think once things start improving, you will be surprized.
F'en impossible.
First, it is impossible to predict the future, just look at the 2,200,000 USA Deaths by Chi-Com Virus-19.
Second, these experts cannot give an accurate estimate as to the mix of people that are out of work.
Nothing about this "study by the experts" has even a faint twinge of accuracy.
Total crap study. Trying to damage the realization that unlike the depression, almost every one has a job to go back to. And there will quickly be unfilled openings again.
“The sky is falling!” (again).
“Babies are dying!” didn’t work.
“The virus gets in through the eyes!” didn’t work.
None of their crap thrown out there to stir up angst is being believed.
Enough already!
There’s no underlying economic reason for this downturn—no bank crash, no housing crash, no nothing. We just decided to stop commerce in its tracks.
I expect the economy to rebound quickly once it is opened.
Nonsense.
Bar and restaurants are going to want their trained and reliable people back.
Study Finds 42% Of Pandemic Layoffs...Is this the same group that came up with a study showing 2 million American deaths?
Agreed. Now is too soon to determine exactly how many of the layoffs were permanent, and we have no idea how easy or how hard it will be for those were permanently laid off to find new positions.
The devastating economic outcome that we are witnessing in shock and horror is what the leftist wanted to accomplish with “global climate change” legislation. This destruction was to supposed happen slowly over a period of years if not decades. However with WuFlu, they got the desired end result all at once! The COVID hype has been like Christmas, New Years and winning the election all rolled into one. In their warped estimation the COVID hoax was the best thing that has ever happened.