4 ms·
Well, hopefully some solid unemployment funding would have been sufficient (or at least a good start). Not that I consider the current unemployment checks to be
by StillBored 6y ago
Well, hopefully some solid unemployment funding would have been sufficient (or at least a good start). Not that I consider the current unemployment checks to be particularly helpful given how at least in austin they are 1/2 of the average wage.
You would be talking a few percent of people staying home collecting unemployment (say 2-4%) which is about 1/3 of the current national unemployment. Yes, there probably would be a decline in restaurant/etc business because people were "social distancing" but nothing like stopping everything that wasn't a grocery store. But even then it would not be as bad. Overwhelmingly the older generation is the one at risk, and is already retired and staying home. It was the young 20 somethings working "service industry" that were all sent home. The ones with the lowest health risk, and the largest financial need.
AKA, it would be a big recession, but nothing like what we are about to experience.