Demand will be way down after as people recover from lost income. Others will take that whole "have [3/4/6] months of expenses in an emergency fund" thing serio

Demand will be way down after as people recover from lost income. Others will take that whole "have [3/4/6] months of expenses in an emergency fund" thing seriously and reduce spending for as much as a year. Restaurants and such are likely to have reduced capacity. Lower demand, lower need for workers. I think unemployment will remain high (though probably not as bad as it is now) for a while. [EDIT] and of course higher unemployment will suppress wages, further reducing demand. Yaaaaay.