Stimulus & Bailout Watch Thread
- Thread starter wire28
- Start date
i forget if i read or heard it, but they were talking about how bad this "work from home" shyt is gonna end up being for the economy
an actual business might do fine with everyone working from home, but every store and service your employees used to go to on lunch/after work, whatever is losing all that business forever. this ripple effect will be
no offices ordering food at all, no happy hour straight from the office
I was just thinking about this the other day. My office would have 3-4 rotating food trucks everyday and I got to know a lot of the people operating them over time. A good portion of them were black-owned as well. I hope they hanging in there somehow
88m3
Fast Money & Foreign Objects
Absolutely
I know I brought it up before when someone said "oh just turn the offices into apartments"(this can't work for a ton of reasons and doesn't fix the core issues). The retail/storefronts are dependent on workers especially in the city. Even in downtown Brooklyn some stores/restaurants close on the weekends because there isn't the foot traffic. Tourism is done for this year as well. They're also preventing overseas students from coming here to study and that's a huge driver in the country's economy. I was out over the weekend and the liquor authority was shutting everyone down at 11pm. Our economy can't survive like this.
NYC gonna suffer massively. Landlords were charging massive rent for commercial storefronts. Like you said those rents can't be paid with people working from home or just leaving
dora_da_destroyer
Master Baker
I can’t take your faux concern seriously, given this is why there was extra UI - jobs ain’t coming back!i forget if i read or heard it, but they were talking about how bad this "work from home" shyt is gonna end up being for the economy
an actual business might do fine with everyone working from home, but every store and service your employees used to go to on lunch/after work, whatever is losing all that business forever. this ripple effect will be
no offices ordering food at all, no happy hour straight from the office
basically all the small biz in business districts is dead until people go back to offices, carts and stands that were located around public transportation - dead, not the people I feel the worst for, but the people who owned parking lots around train stations have no one parking there, shyt, a whole 55 store chain that was mostly in downtowns and business districts all over the bay closed all their stores. Bars are dead, and now you have gyms basically saying they’d rather risk being caught open than to keep staying closed - all this zoom fitness is the antithesis of the reason people went to dedicated spaces to workout.
the cac mamba
Veteran
my point was pretty simple; unemployment is paying people almost a thousand dollars a week. there's no reason that anyone in america should go to work tomorrow for less than the equivalent of that. no grocery worker, no walmart worker, nobody. pay essential workers a bonus too so everyone in the country is making 50k a year or more, or let that unfair bullshyt expire and rework it better
i said some incorrect shyt about this over the past couple months, but no one actually refutes this part of it ^^^^^ because you can't
DJ Paul's Arm
Veteran
there is a reasonmy point was pretty simple; unemployment is paying people almost a thousand dollars a week. there's no reason that anyone in america should go to work tomorrow for less than the equivalent of that. no grocery worker, no walmart worker, nobody. pay essential workers a bonus too so everyone in the country is making 50k a year or more, or let that unfair bullshyt expire and rework it better
i said some incorrect shyt about this over the past couple months, but no one actually refutes this part of it ^^^^^ because you can't
the unemployment will cease to exist if you dont
BK The Great
Veteran
No surprise
the cac mamba
Veteran
just give all these grocery workers another thousand a month too
these people shouldnt be having to work in the middle of a pandemic when they'd get a raise not to work
the cac mamba
Veteran
but it's not "600 a week"
it's almost a thousand a week. its 600 plus 350 on average. like a 50 grand a year equivalentand most small businesses cannot pay their employees 50 grand a year. i'm all for fixing that, but how do you propose making minimum wage 50 grand a year? because if you can fix that, then you should be running for president, not posting on the coli
88m3
Fast Money & Foreign Objects
the Dow Jones has been up since those UI benefits expired. Banks got billions from the government to give away. The wealthy are either still wealthy or wealthier.
And that’s all that matters to republicans.