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I think there will be some pent up demand, but some parts of the economy don’t benefit from that —e.g. I’m not going to buy more lattes when things return to no
by mcphilip 7y ago
I think there will be some pent up demand, but some parts of the economy don’t benefit from that —e.g. I’m not going to buy more lattes when things return to normal, I will just go back to my daily fix.
- r00fus 7y agoThat's not all - some will forego, lose the habit then not re-uptake. Also schools - how will additional schooling later on make up for the lost service & revenue (schools need students to get tax revenues)
- legitster 7y ago> That's not all - some will forego, lose the habit then not re-uptake. This is why I think the economy on the other side could look so radically different. What if every coffee shop and brewery went out of business... and had no reason to re-open? Could something completely different fill the void?
- koheripbal 7y ago...but you might buy a coffee machine at home to satisfy that fix over the next 3 months.
- gruez 7y agoA coffee machine's contribution to the economy is a fraction of one or two months of take-out coffee at a cafe/restaurant. If you factor in how much value is being generated in the US vs elsewhere (eg. China), the difference is even more pronounced.