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> But how quickly will those "unemployed" be back in the work force again once this all lifts? Businesses are closing permanently in Seattle. It may take some

• jerf 7y ago
  Usually, when a small business closes, it's often a sign that the niche it was trying to fill didn't exist, or that the business person is not skilled enough to make it work. A lot of these businesses permanently closing probably represent niches that may re-open relatively quickly, and had people skilled enough to keep it going. Restaurants may not bounce back 100%, but it's not like the market for restaurants is going to be indefinitely 10% of what it was in 2019. We just don't know. We've never seen anything like this in the modern era. I do suspect that we're going to see one of those generational shifts like the Great Depression, and a lot more businesses are going to start thinking in terms of "runway", and trying to keep around a few months of "runway" in the future.
  • johnbellone 7y ago
    Or extremely razor thin margins.
  • deleted 7y ago
    [deleted]
  • seanmcdirmid 7y ago
    Brick and mortar retail was already hard pressed by Amazon and co., this virus has shut most of them down while Amazon is still going. Yes, the internet companies will do fine, but everyone else...is in huge trouble. This virus speeds up a transition well underway, and we might not be ready for the shock of that speed.