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40% of households making under 40k a year have had a job loss since March

• beerandt 6y ago
  Is this an argument for lack of consumer demand? Keeping things shut down isn't going to help these people get back to work.
  • apacheCamel 6y ago
    I think this is an argument for lack of money to be spent since a hefty portion of people have lost their jobs and paychecks don't happen instantaneously and unpaid bills probably come first.
    • beerandt 6y ago
      Sure, but it's circular logic to suggest that there's no need to rush reopening since demand will be low anyway... (As others have said) When you need those jobs created by reopening to get people back to work and closer to the point of having disposable income again. This isn't pure chicken & egg, since consumer debt is tightening up while business debt is getting cheaper. Plus the only way we're going to alleviate fear is by opening and seeing what happens. Even testing vaccines will require that leap of faith at some point. After all, what good would a clinical trial be if the patient quarantined during it?
  • quickthrowman 6y ago
    Here’s one example. Restaurants will likely be operating at 50% capacity or below for the foreseeable future. Their business model does not work at 50% capacity. Many, many jobs are not coming back.
    • beerandt 6y ago
      Sure, but that's artificially limited supply. Which isn't an argument for saying there's lack of demand.