3 ms·
Probably biggest change between this recession and all the others is the people's willingness to work in an office. This is all orthogonal to the massive $24T b
by soheil 4y ago
Probably biggest change between this recession and all the others is the people's willingness to work in an office. This is all orthogonal to the massive $24T budget deficit, not sure what impact that growing deficit will have, but it's been pretty large for decades now anyway.
US is mainly a services driven economy, which means people can work from anywhere. Offices and adjacent sectors will suffer irreparable damage, but the gain in productivity in other sectors will more than compensate for it. I think we will come out with a stronger and more efficient economy after this recession.