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Old 4th Apr 2020, 01:46
  #39 (permalink)  
visibility3miles
See and avoid
 
Join Date: Mar 2003
Location: USA
Posts: 505
The United States is a "service economy" which relies upon people spending money on non-essentials.

Given that all the "non-essential" businesses are shut down per government order, or voluntary self-isolation, its possible that the majority, or at least a significant number will close down for good.

The 9 million plus people that filed for unemployment benefits in the past two weeks will have to wait a long time before they get a new job.

Restaurants, for example, usually operate on a slim margin, and many will go bankrupt within a year.

Yes, we will all go out to eat eventually, but most small establishments can't wait that long.

Meanwhile, in the US, most people get health insurance via their employer, so if they aren't working, they are probably not covered by health insurance.

And the current administration has no plans to change that situation...
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