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I think that California and very soon the whole of US would need to shift to survival of the fittest mode. The US population cannot survive multiple weeks witho
by ab_testing 7y ago
I think that California and very soon the whole of US would need to shift to survival of the fittest mode. The US population cannot survive multiple weeks without a paycheck. Any unemployment that is received is just enough to put food on the table but not pay rent.
Some statistics on lower wage workers
* 152 Million people worked in US in Feb 2020
* 16 Million of those in retail (A huge majority of them would be unemployed ~50%)
* 17 Million people worked in Leisure and Hospitality (If bars/restaurants/movie theaters/theme parks/casinos stay closed around 80% of them are unemployed
* 3 Million people work in educational services . With schools and colleges closing a majority of them are unemployed.
Source of data https://www.bls.gov/news.release/empsit.t17.htm https://www.bls.gov/news.release/empsit.t17.htm
* You can only keep things shutdown until people are either begging on the streets or rioting
- yibg 7y agoI think about this a lot too. China in general has a much higher savings rate. Where as the US has a large proportion of the population that live pay check to pay check. What happens after a month and things are still not contained?
- simlevesque 7y agoThis is why the US is not a good place to live in.