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Unemployment peaked at 23% in the US during the Great Depression, and that's without many types of business being illegal to operate as is currently the status
by ac29 7y ago
Unemployment peaked at 23% in the US during the Great Depression, and that's without many types of business being illegal to operate as is currently the status quo for areas under shelter in place orders right now. Its certainly not a perfect comparison, but the effects of mass unemployment are hardly unknowable, and we'd be lucky to see only 23% unemployment if lockdown orders persist for half a decade.