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The economy is in trouble because of the virus, not because of lockdowns or following advice of medical experts. People scared to die or spread a viral infecti

The economy is in trouble because of the virus, not because of lockdowns or following advice of medical experts. People scared to die or spread a viral infection to loved ones => reduction in eating out, going to concerts, or traveling => major economic pain for the service industry.

noarchy 6y ago
Obviously the voluntary actions people are taking is having an effect on the economy. But when you declare that entire sections of the economy are illegal ("non-essential"), then this has an even bigger impact. Now businesses that could have tried to stay open with certain precautions are simply out of business. This puts even more people out of work.
- makomk 6y ago
  Also, the voluntary actions people are taking are affected by how they see this pandemic, which of course are in turn heavily affected by media reporting (and also how other countries have reacted).
downerending 6y ago
I'd guess the hairdressing and restaurant industries (for starters) would not agree.
- ceejayoz 6y ago
  The restaurant industry would be wise to note that the steep decline in customers preceded the lockdowns, and are being very slow to tick back up in states that have lifted theirs. https://www.economist.com/graphic-detail/2020/05/19/american-restaurants-are-struggling-to-fill-tables-weeks-after-reopening https://www.economist.com/graphic-detail/2020/05/19/american... Getting people to come back will require making them feel safe, regardless of whether the government says they can open.
  - SpicyLemonZest 6y ago
    A dataset showing that restaurants had zero customers during lockdowns can't possibly be accurate, since they're still open for takeout. I'm sure there's some real trend being exhibited here, but how do we know people aren't just not using OpenTable?
    - ceejayoz 6y ago
      I'd figured wording like "fill tables" and "restaurant reservations" made it clear enough they were talking about eat-in, not takeout?
  - downerending 6y ago
    People like me stopped going to restaurants well before governors were even seriously talking about lockdowns, and won't be going back for many months, if not many years. That said, at least in the US, there are quite a lot of people that will go back as soon as lockdowns end. And in-person service is a big deal, because people dining in drink a lot of booze, which is a big moneymaker. If I ran a restaurant, I'd be praying for this moment.
dudul 6y ago
Isn't it more like Government orders businesses to close => restaurants, concerts, stores are closed => people can't eat out, go to concerts, buy stuff => major economic pain for the service industry
- ceejayoz 6y ago
  No. Restaurants saw a decline in bookings before those lockdown orders, and haven't bounced back to normal in opened-up states. https://www.economist.com/graphic-detail/2020/05/19/american-restaurants-are-struggling-to-fill-tables-weeks-after-reopening https://www.economist.com/graphic-detail/2020/05/19/american...

noarchy 6y ago

Obviously the voluntary actions people are taking is having an effect on the economy. But when you declare that entire sections of the economy are illegal ("non-essential"), then this has an even bigger impact. Now businesses that could have tried to stay open with certain precautions are simply out of business. This puts even more people out of work.

makomk 6y ago
Also, the voluntary actions people are taking are affected by how they see this pandemic, which of course are in turn heavily affected by media reporting (and also how other countries have reacted).

downerending 6y ago

I'd guess the hairdressing and restaurant industries (for starters) would not agree.

ceejayoz 6y ago
The restaurant industry would be wise to note that the steep decline in customers preceded the lockdowns, and are being very slow to tick back up in states that have lifted theirs. https://www.economist.com/graphic-detail/2020/05/19/american-restaurants-are-struggling-to-fill-tables-weeks-after-reopening https://www.economist.com/graphic-detail/2020/05/19/american... Getting people to come back will require making them feel safe, regardless of whether the government says they can open.
- SpicyLemonZest 6y ago
  A dataset showing that restaurants had zero customers during lockdowns can't possibly be accurate, since they're still open for takeout. I'm sure there's some real trend being exhibited here, but how do we know people aren't just not using OpenTable?
  - ceejayoz 6y ago
    I'd figured wording like "fill tables" and "restaurant reservations" made it clear enough they were talking about eat-in, not takeout?
- downerending 6y ago
  People like me stopped going to restaurants well before governors were even seriously talking about lockdowns, and won't be going back for many months, if not many years. That said, at least in the US, there are quite a lot of people that will go back as soon as lockdowns end. And in-person service is a big deal, because people dining in drink a lot of booze, which is a big moneymaker. If I ran a restaurant, I'd be praying for this moment.

dudul 6y ago

Isn't it more like Government orders businesses to close => restaurants, concerts, stores are closed => people can't eat out, go to concerts, buy stuff => major economic pain for the service industry

ceejayoz 6y ago
No. Restaurants saw a decline in bookings before those lockdown orders, and haven't bounced back to normal in opened-up states. https://www.economist.com/graphic-detail/2020/05/19/american-restaurants-are-struggling-to-fill-tables-weeks-after-reopening https://www.economist.com/graphic-detail/2020/05/19/american...