5 ms·
Also sector divide. Small business owners are getting killed. PPP and EIDL will be a drop in the bucket. Mass conglomerations are coming and in 12 months we'll
by icelancer 7y ago
Also sector divide. Small business owners are getting killed. PPP and EIDL will be a drop in the bucket. Mass conglomerations are coming and in 12 months we'll wonder why Amazon and Walmart and other multinational corps bought everything up.
- blast 7y agoYou're right. Another issue is the age divide. Younger people: harder hit economically, less so by the virus; older people: harder hit by the virus, less so economically. This can only worsen the class fissure which had already developed along generational lines.
- icelancer 7y agoMedian age of death is well over 70 years of age. It's obvious who this virus strikes.
- blast 7y agoYes, that's partly what I meant to say.
- dragonwriter 7y agoYounger people are less likely to die as quickly from acute respiratory failure from the virus, but if the indications of various delayed and lasting effects are at all accurate, probably are, on average, losing more QALYs to the virus, and so are arguably harder, if less obviously so, hit.
- kharak 7y agoCould you link to some studies or articles about this? I've heard speculations, but haven't seen evidence to back it up.
- frockington1 7y agoI haven;t seen any non sensationalized evidence regarding long term effects of this virus (health, economically this will permanently cripple many nations). Can you link some health articles?
- dehrmann 7y agoSector, yes, but I'd think businesses in similar industries with similar cash on hand for their size would do similarly well, regardless of size. As ancestor said, it's a class divide, but it's by sector and cash-on-hand, not so much by size. E.g. J.C. Penney is big-ish, but struggling because of store closures and cash-on-hand.