[Mick]

It's not just that, but losing a job doesn't ruin a life, many of these jobs will come back, especially if there's a coherent policy response. The only way to prevent this sort of collapse is to prevent the virus from reaching us, which is long since gone. After that you're just talking about managing the pain, which we've done abysmally. Hopefully the next relief bill comes through, otherwise we're looking at enduring an entirely preventable depression because of federal incompetence.

Again, with respect, you are severely underplaying the problem. The jobs aren't coming back. The lengthy period of positive growth means that businesses haven't had to really examine their cost structures or the efficiency of their production and profitability. The New Post-Coronavirus Productivity will not include workers who have been furloughed, not as a general rule.

Think about it. Businesses are, right now, getting as efficient as the possibly can. Why should they hire back furloughed workers -- or, frankly, lease commercial real estate -- if they are profitable anyways?

But even if we didn't have the destruction of jobs, the way we decided to kill the economy will cause homelessness in the United States to grow as much as 45% in a year, says a Columbia University professor:
https://www.msn.com/en-us/news/us/us-hom...r-BB146dAr

[Mick]

It's not just that, but losing a job doesn't ruin a life, many of these jobs will come back, especially if there's a coherent policy response. The only way to prevent this sort of collapse is to prevent the virus from reaching us, which is long since gone. After that you're just talking about managing the pain, which we've done abysmally. Hopefully the next relief bill comes through, otherwise we're looking at enduring an entirely preventable depression because of federal incompetence.

Again, with respect, you are severely underplaying the problem. The jobs aren't coming back. The lengthy period of positive growth means that businesses haven't had to really examine their cost structures or the efficiency of their production and profitability. The New Post-Coronavirus Productivity will not include workers who have been furloughed, not as a general rule.

Think about it. Businesses are, right now, getting as efficient as the possibly can. Why should they hire back furloughed workers -- or, frankly, lease commercial real estate -- if they are profitable anyways?

But even if we didn't have the destruction of jobs, the way we decided to kill the economy will cause homelessness in the United States to grow as much as 45% in a year, says a Columbia University professor:
https://www.msn.com/en-us/news/us/us-hom...r-BB146dAr