Originally Posted by
Broxis
Some news just came out that unemployment applications are now at 3.28million, and you would have to be crazy to think it wont go higher than that. Recession/depression seems all but certain now.
Seems quite likely that cheap tickets are going to be all that matters when this thing passes over us. People wont have as much spending money to pay an extra $100 for 2 inches of leg room.
Still waiting to see what these grants/loans look like. I dont think struggling companies can afford to match us for too long if depression drags on. Its not cheap.
I would assume a lot of these claims are people working in service industry (bars restaurants etc). Barring the restaurant or bars not opening up again after this, which most should open up again, most of these people will be employed again at that time I suspect.
I have friends in both SI and corporate 9-5ers. No one I know, personally, in the Corp 9-5 world is in any jeopardy at all of losing their jobs. It’s business as usual just at home on their laptops now.
If this bill works as advertised then a lot of these smaller restaurants and businesses will be able to stay afloat.
I know my hometown has had a ton of local support for our small local restaurants as they have gone to takeout. They will definitely be employing their old wait staff when this is over. It’s been great to see and be a part of.