4 ms·
They likely won't be rehired; some of those business will not exist. Some companies will not try to hire everyone back. And with so many people out of work, the
by scott_s 7y ago
They likely won't be rehired; some of those business will not exist. Some companies will not try to hire everyone back. And with so many people out of work, there will be less economic activity, period. If the government had funded companies to keep their employees on payroll, we could have an un-pause scenario. We are unlikely to have that after the mass layoffs. The economy is a system, and will be in a state with much less employment and money flowing.
- tathougies 7y agoYeah, it'll take time to ramp up, but it'll ramp up.
- CydeWeys 7y agoNot nearly as fast as if everyone simply kept the job they already had, and go back to it immediately upon things open back up.
- tomrod 7y agosum_{n=1}^{\infty} (1/2)^n approaches 1, eventually. Rather than waiting for an infinite time horizon and theoretical rampup, the better approach would be to build a bridge for a bit.