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My fear is that economic impacts will end up so severe that we won't really see normal again as a result for a long, long time. I hope I'm being alarmist, but m
by steve_adams_86 7y ago
My fear is that economic impacts will end up so severe that we won't really see normal again as a result for a long, long time. I hope I'm being alarmist, but my gut tells me (and my brain) that my city is hemorrhaging cash and even with economic stimulus, jobs aren't going to come back as quickly as people think.
A lot of local business owners who were doing alright (making money and paying several employees) are not at all interested in getting back to it. The risk in the next few years due to future waves of infection is too great, and government assistance is incredible here in Canada but only enough to help you limp along. That's a scary condition to run a business.
I think this will be great for large companies. Jobs and economic opportunity might relatively shift towards them for quite a while.
I hope I'm wrong, but I don't see a significant change to isolation practices any time soon and the economic impacts seem likely to change our lives in a very noticeable way.
- sali0 7y agoI have this same fear. Small businesses suffer immensely while large corporations thrive. I think also based on the hiring thread last week on HN, tech companies are disproportionately unaffected.
- steve_adams_86 7y agoIt seems like it so far, but the impacts might just be delayed. I hope that's not the case, I don't want anyone to lose their livelihood.