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I agree the boost isn't going to fix the economy and that it distorts it. I also agree that the crashing economy has real problems well beyond this boost. I ag

I agree the boost isn't going to fix the economy and that it distorts it. I also agree that the crashing economy has real problems well beyond this boost. I agree these businesses will die. I agree the response was wrong. I think the stimulus was the wrong way to go. The drive to work can get you a $500k doctor bill, and at similar risks for Covid $500k doctor bill. Both of which these demographics will not pay at all. They will either just leave it in collections or use bankruptcy to eliminate it.

nitrogen 6y ago
Getting in a car accident doesn't risk causing exponentially increasing car accidents in your family and community though.
paulmd 6y ago
Your argument is "people tolerate some risk, therefore they will tolerate a hugely increased amount of risk at the same clearance price". That's not how the market works. It's how business owners paying minimum wage want the market to work, but it's not how it does. Shit, a lot of businesses aren't even trying to mitigate the risks, not providing PPE, etc - they just expect minimum-wage workers to absorb all that risk and cost if they don't want to die.
- abfan1127 6y ago
  That's not my argument at all. I agree with you that some businesses are trying to "do as they did" and that may not work in the new workplace. However, they aren't competing in a marketplace when the alternative is "not work and get paid".
adamsea 6y ago
1. The drive to work is a known risk. Much is still unknown about Covid-19 plus it is novel and (legitimately) scary. 2. It's not just you, you could infect your friends and family and children. 3. If someone actually compared the actual odds (i.e. real numbers) of getting in a card accident with getting Covid-19 working in one of these public-facing jobs we are discussing, under current conditions, then we'd be able to tell if the comparison you're proposing is reasonable or not.

nitrogen 6y ago

Getting in a car accident doesn't risk causing exponentially increasing car accidents in your family and community though.

paulmd 6y ago

Your argument is "people tolerate some risk, therefore they will tolerate a hugely increased amount of risk at the same clearance price". That's not how the market works. It's how business owners paying minimum wage want the market to work, but it's not how it does. Shit, a lot of businesses aren't even trying to mitigate the risks, not providing PPE, etc - they just expect minimum-wage workers to absorb all that risk and cost if they don't want to die.

abfan1127 6y ago
That's not my argument at all. I agree with you that some businesses are trying to "do as they did" and that may not work in the new workplace. However, they aren't competing in a marketplace when the alternative is "not work and get paid".

adamsea 6y ago

1. The drive to work is a known risk. Much is still unknown about Covid-19 plus it is novel and (legitimately) scary. 2. It's not just you, you could infect your friends and family and children. 3. If someone actually compared the actual odds (i.e. real numbers) of getting in a card accident with getting Covid-19 working in one of these public-facing jobs we are discussing, under current conditions, then we'd be able to tell if the comparison you're proposing is reasonable or not.