3 ms·
Managing the stimulus money (in the US and everywhere else) is likely to follow the same path everywhere - give it out as widely as possible, find that one high
by lifeisstillgood 7y ago
Managing the stimulus money (in the US and everywhere else) is likely to follow the same path everywhere - give it out as widely as possible, find that one high profile dodgy case and prosecute loudly, and have an amnesty period for companies to return money if they find they did not mean it.
This will work fine(ish) for the larger employers, but the majority of smaller businesses are going to be hurting in ways that paying 80% of employees wages won't help. Imagine a city bar / restaurant- in a few months they can reopen, their landlord will now demand back rent, all their customers will only be seated at tables 2 metres apart and they still won't cover costs.
The post covid landscape is going to look weird till we reach herd immunity / vaccine. And a lot of businesses that will be viable post-immunity are simply going to need to hibernate for much longer than a few months.