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We need a new plan. Every single job before-covid (BC) is not coming back. Even if we opened the country at 100% tomorrow not every job will come back. There’s

We need a new plan. Every single job before-covid (BC) is not coming back. Even if we opened the country at 100% tomorrow not every job will come back. There’s a paranoia that’s set into the American psyche that will take years to adjust.

bilbo0s 6y ago
I don't think it's only the American psyche. I'm pretty sure there will be paranoia the world over.
- throwaway122378 6y ago
  Definitely. Kept it to America given the article was about the Fed
asdff 6y ago
It's pretty sad that this is glossed over so much. Plenty of business have folded already, let people go, broke their leases, liquidated what can be liquidated, and whoever held ownership got their portion of the remaining pie. To bring these pieces back together, the lease, the workers, the investors, the money, is impossible. Some of these pieces are no longer in existence, and the economic conditions that enabled the company to form in the first place are no longer present. It's like trying to make a living tree from ash and smoke. Some places have been hit particularly hard. In LA county, only 45% of people have jobs right now: https://www.latimes.com/california/story/2020-04-17/usc-coronavirus-survey https://www.latimes.com/california/story/2020-04-17/usc-coro...
- morsch 6y ago
  "45% compared with 61% in mid-March" "a significant majority of job losses, 67% nationally, were reported as temporary layoffs"
sershe 6y ago
I'd start with combating the paranoia with numbers and stories that would compare realistic risks. You can even start before the acute pandemic ends, by comparing pandemic-time and post-pandemic numbers for swine flu (yes, even if it's not eventually justified for COVID). Alas, if media circus around plane crashes in any indication, that does't pay. So, we can only hope for lack of informed-ness, apathy and paranoia-fatigue to settle in and solve this particular aspect for us.

bilbo0s 6y ago

I don't think it's only the American psyche. I'm pretty sure there will be paranoia the world over.

throwaway122378 6y ago
Definitely. Kept it to America given the article was about the Fed

asdff 6y ago

It's pretty sad that this is glossed over so much. Plenty of business have folded already, let people go, broke their leases, liquidated what can be liquidated, and whoever held ownership got their portion of the remaining pie. To bring these pieces back together, the lease, the workers, the investors, the money, is impossible. Some of these pieces are no longer in existence, and the economic conditions that enabled the company to form in the first place are no longer present. It's like trying to make a living tree from ash and smoke. Some places have been hit particularly hard. In LA county, only 45% of people have jobs right now: https://www.latimes.com/california/story/2020-04-17/usc-coronavirus-survey https://www.latimes.com/california/story/2020-04-17/usc-coro...

morsch 6y ago
"45% compared with 61% in mid-March" "a significant majority of job losses, 67% nationally, were reported as temporary layoffs"

sershe 6y ago

I'd start with combating the paranoia with numbers and stories that would compare realistic risks. You can even start before the acute pandemic ends, by comparing pandemic-time and post-pandemic numbers for swine flu (yes, even if it's not eventually justified for COVID). Alas, if media circus around plane crashes in any indication, that does't pay. So, we can only hope for lack of informed-ness, apathy and paranoia-fatigue to settle in and solve this particular aspect for us.