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The problem is this assumes that the businesses that employ these hourly workers can snap their fingers one day and Tada, be open. The problem is that business
by KallDrexx 7y ago
The problem is this assumes that the businesses that employ these hourly workers can snap their fingers one day and Tada, be open.
The problem is that businesses can only be operating if the businesses they depend on upstream and downstream are open. Restaurants can't open until they get their food restocked, but restaurant suppliers haven't been stocking at their previous levels because they haven't had customers. Restaurants also may not be able to go back to 100% capacity in order to spread people out, which means the restaurants won't make enough money to warrant the number of servers and cooks they had previously. Restaurants may not even be able to afford to re-open or pay the same number of staff even if business warrants it because of built up backpayments on rent and accounts payables.
This isn't just a food service industry problem. What about movie theaters? Theaters attendance had heavily declined before shelter in place directives caused them to close. They aren't going to open to full capacity and need the whole staff they originally had.
Have an IT consulting shop? I know several who had their services (both commercial and residential) dry up because companies didn't want to incur extra expenditures and house holds were scared because of unemployment and getting less PC problems diagnosed or buying less hardware. The IT shop can't staff back up until their customers starts coming back.
Hotels won't need to rehire a lot of their cleaning crews until their occupancy rates go back up. Same with airline and airport staff, and indications do not show that people will be willing to travel immediately once lock downs are gone.
etc...
Every part of our economy is dependent on each other, and even if we had everyone vaccinated today there would still be significant spin-up time until we even halve the unemployment rate.