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The point is that I was trying to make is that while you may not, I'm going to go out and order that coffee (I'm in the same WFH techie demographic); so will ma
by sershe 6y ago
The point is that I was trying to make is that while you may not, I'm going to go out and order that coffee (I'm in the same WFH techie demographic); so will many others if the overcrowding of the trails and park in violation of the stay at home order and with media dialing COVID reporting up to 11 (and not just media, actually; we have signs on the highways all over the place saying stay home) is any indication.
Also, I suspect that the utility of economic activity at this level is kinda like utility of money, i.e. logarithmic - going from 0% to 50% is much more significant, especially for individuals, than going from 50% to 100%.
- ashtonkem 6y agoOn the former; I believe you’d be in the clear minority. About 12% of Americans currently think that the lockdowns go too far, the vast majority are more worried about loosening up too quickly. This implies, but does not prove, that most Americans would stay home until they feel safe. On the latter, this is only true for individuals. Businesses have more variable expenses. If there isn’t enough economic activity to cover the cost of at least staff and electricity, businesses will rationally decide to lay-off or furlough workers to slow down their burn rate. Thus going from 0 to 50 might make literally no difference, depending on the underlying costs. This is particularly problematic for restaurants, with famously thin margins during the best of times.