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Do you expect these segments of the economy to survive 2mo+ of their business collapsing to near zero? Airlines, Bars, Restaurants, Hotels, Cruises, Conference
by jacquesc 7y ago
Do you expect these segments of the economy to survive 2mo+ of their business collapsing to near zero?
Airlines, Bars, Restaurants, Hotels, Cruises, Conferences, Taxies, Hair Salons, Chiropractors, dozens more...
That's 10s of millions of jobs. Livelihoods ruined.
Maybe your job is safe. Mine too. But you have to put yourself in the shoes of someone who is being financially ruined, and whose life expectancy will likely be greatly diminished as a result.
There are major tradeoffs here.
- greedo 7y agoAirlines are essential, and will be bailed out despite their past financial misbehavior. Bars and restaurants will re-open, those are always in high demand, and easy to start. Hotels have facilities and real estate that are valuable, and should bounce back once people feel comfortable traveling again. Cruises can die in a fire. They've always been hotbeds of disease, and are now pretty much tainted. Conferences might switch permanently to a virtual methodology as Apple is doing with WWDC. This could increase the reach of the conference since it's insanely expensive, as well as hard to get tickets. Taxis (including Uber/Lyft), hair salons, all easy to restart, and demand will bounce back. Chiropractors are frauds, so I don't care if they fail.
- yiyus 7y ago> Conferences might switch permanently to a virtual methodology A conference means people travelling, hotel rooms, meals in restaurants, good dresses, presents for the family... It may be better for society to make them on-line (it would be better for the environment, for example), but the economic impact would be huge.
- torgian 7y agoAgreed. Chiropractors are not helpful; better to go to an actual hospital and get a real expert for back problems.
- jacquesc 7y agoVery sympathetic. Points taken