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To: shelterguy; Skywise

I think that unemployment numbers are going to remain high for a long time. Businesses that survived have learned to adapt with fewer employees. Service sector is either nearly entirely shut down or capacity and time limited so they don’t need as many staff - and even if re-opened hard to know how many people are willing to jump right into crowded bars and restaurants (the younger set maybe, but without the $1200 a week can they afford it?). Many have realized they actually can work from home, they don’t need to pay rent on an office - bad for landlords and those who service commercial properties... and so on.

Good opportunities ahead for those with savings, I suppose, to start their own businesses. But that’s a process and always a risky one especially in the medium term until people feel confident in a recovery.


12 posted on 07/30/2020 3:07:26 PM PDT by monkeyshine (live and let live is dead)
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To: monkeyshine

Good traditional middle-class employment being replaced by lower income-type part-time subsistence wage employment such are brutal manual labor Amazon or other warehouse work or sub-minimum wage gig economy work - all with no benefits. The removal of the American middle class accelerates.


24 posted on 07/30/2020 4:40:55 PM PDT by Starcitizen (Communist China needs to be treated like the pariah country it is. Send it back to 1971)
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