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Jobs and Economic Impact


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With Restaurant Industry Gutted, Los Angeles Sheds Another 1.3 Million Jobs

 

I really don't see how the restaurant industry and really movie and even big event industries are going to recover.  There is so much fear put in everyone's head over the Rona, even if they open, I can't see people eating out, going to movies, going to sporting events in levels like Jan-Feb for years.  

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1 hour ago, gotbeer said:

With Restaurant Industry Gutted, Los Angeles Sheds Another 1.3 Million Jobs

 

I really don't see how the restaurant industry and really movie and even big event industries are going to recover.  There is so much fear put in everyone's head over the Rona, even if they open, I can't see people eating out, going to movies, going to sporting events in levels like Jan-Feb for years.  

It's not just fear it's the reality of the situation until there's a vaccine.  Whenever restrictions start to ease up we're still going to have social distancing and groups of a certain size won't be allowed in some states/cities.  Restaurants will be able to seat fewer people, sporting events/concerts probably won't play with any fans in attendance for the most part and the list goes on.  Spoke to someone yesterday who was on a large conference call earlier in the day among firms on the east coast about when we get to a new normal what it looks like.  Initially for air travel the consensus was that the younger crowd would be more likely to fly first, business travel will be scaled back and airlines will space people out.  Now if the demand is there I don't see the airlines spreading people out considering how they historically have packed people in, reduced seat size while nickel and diming customers.  They think people will be allowed to go back to the office some time in June but with public transportation on the east coast businesses won't require it of people who can work remotely.  I'm all for getting to a new normal when we're able to which includes more testing, tracing and so on but that new normal isn't going to look anything like what we've been used to.  From a mental health standpoint just being able to do more than we can now will go a long way for some people but the financial impacts on some industries will be huge.

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9 hours ago, Catwhoshatinthehat said:

It's not just fear it's the reality of the situation until there's a vaccine.  Whenever restrictions start to ease up we're still going to have social distancing and groups of a certain size won't be allowed in some states/cities.  Restaurants will be able to seat fewer people, sporting events/concerts probably won't play with any fans in attendance for the most part and the list goes on.  Spoke to someone yesterday who was on a large conference call earlier in the day among firms on the east coast about when we get to a new normal what it looks like.  Initially for air travel the consensus was that the younger crowd would be more likely to fly first, business travel will be scaled back and airlines will space people out.  Now if the demand is there I don't see the airlines spreading people out considering how they historically have packed people in, reduced seat size while nickel and diming customers.  They think people will be allowed to go back to the office some time in June but with public transportation on the east coast businesses won't require it of people who can work remotely.  I'm all for getting to a new normal when we're able to which includes more testing, tracing and so on but that new normal isn't going to look anything like what we've been used to.  From a mental health standpoint just being able to do more than we can now will go a long way for some people but the financial impacts on some industries will be huge.

I could see a scenario where going to a ballgame, theater, or mall (etc) includes having someone take your temp at the entrance or some kind of screening process to make sure infected people don't gain access.

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1 minute ago, Tank said:

I could see a scenario where going to a ballgame, theater, or mall (etc) includes having someone take your temp at the entrance or some kind of screening process to make sure infected people don't gain access.

Regarding a larger event let’s say they have enough tests available that tell within minutes if someone has the virus. What about the people that person walked next to as they approached the stadium?  Even if they didn’t cross paths with that many people the multiplier effect could have transferred fluids to others who transfer it to more people and none of them would test positive yet.  

Anything is possible but I just don’t see how there’s a situation where we have tens of thousands of people in close contact until there’s a vaccine. OC has something like 1,500 positive test results out of a population of 3M+. If you have an event with 40K+ any who come away infected go home, to work and so on where they expose others before realizing they have it. Something like that could lead to another lockdown to keep an outbreak from growing. 

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7 minutes ago, Catwhoshatinthehat said:

Regarding a larger event let’s say they have enough tests available that tell within minutes if someone has the virus. What about the people that person walked next to as they approached the stadium?  Even if they didn’t cross paths with that many people the multiplier effect could have transferred fluids to others who transfer it to more people and none of them would test positive yet.  

Anything is possible but I just don’t see how there’s a situation where we have tens of thousands of people in close contact until there’s a vaccine. OC has something like 1,500 positive test results out of a population of 3M+. If you have an event with 40K+ any who come away infected go home, to work and so on where they expose others before realizing they have it. Something like that could lead to another lockdown to keep an outbreak from growing. 

yep. that's going to be the big problem with resuming life in public.

I could see them requiring face masks and maybe gloves for a while. it's not much but it's better than nothing. regardless, I think they'll very slowly ease people back into public as you were suggesting. buddy of mine works for TSA in Long Beach and said there was a flight a week ago with only two passengers on board.

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I’d love to go to a game or a concert but it just doesn’t seem that the benefits outweigh the costs in the current environment.  We’ve seen what a shutdown costs us and I can’t imagine the new normal includes crowded venues. If restaurants, retailers and so on allow fewer people in they make less than pre-virus but at least they’re open. I know most everyone has said it but we really need wide test spreading for antibodies to get a better idea of how many have had it:

https://www.yahoo.com/gma/antibody-research-indicates-coronavirus-may-far-more-widespread-155200568.html 

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THE ECONOMY IS SO BAD THAT....

 

My neighbor got a pre-declined credit card in the mail.

CEO's are now playing miniature golf.

Exxon-Mobil laid off 25 Congressmen.

I saw a Mormon with only one wife.

McDonald's is selling the 1/4 ouncer.

Angelina Jolie adopted a child from America.

Parents in Beverly Hills fired their nannies and learned their children's names.

A truckload of Americans was caught sneaking into Mexico.

A picture is now only worth 200 words.

When Bill and Hillary travel together, they now have to share a room.

The Treasure Island casino in Las Vegas is now managed by Somali pirates..

And, finally...I was so depressed last night thinking about the economy, wars, jobs, my savings, Social Security, retirement funds, etc., I called the Suicide Hotline. I got a call center in Afghanistan, and when I told them I was suicidal, they got all excited, and asked if I could drive a truck.

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29 minutes ago, Jason said:

THE ECONOMY IS SO BAD THAT....

 

My neighbor got a pre-declined credit card in the mail.

CEO's are now playing miniature golf.

Exxon-Mobil laid off 25 Congressmen.

I saw a Mormon with only one wife.

McDonald's is selling the 1/4 ouncer.

Angelina Jolie adopted a child from America.

Parents in Beverly Hills fired their nannies and learned their children's names.

A truckload of Americans was caught sneaking into Mexico.

A picture is now only worth 200 words.

When Bill and Hillary travel together, they now have to share a room.

The Treasure Island casino in Las Vegas is now managed by Somali pirates..

And, finally...I was so depressed last night thinking about the economy, wars, jobs, my savings, Social Security, retirement funds, etc., I called the Suicide Hotline. I got a call center in Afghanistan, and when I told them I was suicidal, they got all excited, and asked if I could drive a truck.

Kinda GIF by memecandy

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