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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe coronavirus crisis is way worse than feared
AXIOS
1 hr ago
Jim VandeHei, Mike Allen
Why it matters: It's great and normal to cheer for a miracle cure or sudden coronavirus retreat. But the experts who study the virus closest seem unanimous in their verdict that our health, economic and social pain will persist for many months to come.
SNIP
The true U.S. unemployment rate is estimated at 20% to 45% possibly exceeding the Great Depression peak of 25% in 1933.
S&P now says the jobs recovery will take until next year, and we likely won't get back to pre-coronavirus levels for a couple of years.
https://www.axios.com/coronavirus-crisis-worse-fear-c88158d2-64a3-4da6-a85a-cc6556a6207d.html
This article contains some interesting insights and a firm reality check on the timeline we face in the fight against the coronavirus. The article provides links to its sources and claims.
dhill926
(16,234 posts)too early for a drink? West coast....hmmm...
Ferrets are Cool
(21,063 posts)before it is time and we have many, many deaths from Covid-19.
Let's face it, the choice between going back to work for a paycheck and letting your children go hungry is not one anyone wants to make. Most will choose the paycheck and hope like hell they don't get sick.
CrispyQ
(36,231 posts)The circus running our country, and their stupid cult following, will guarantee we have it worse and longer than anywhere else.
Rorey
(8,445 posts)Those people who are in the service industries, such as dine-in restaurants and retail stores, should get a jump on things and change their line of work as soon as possible, if they possibly can. Waiting for those industries to come back, at the level they were, is not wise.
Life is going to be different. We can fight a useless battle, or we can accept the reality and try our best to adapt.
Mister Ed
(5,896 posts)A new reality is upon us, and people need new jobs or careers that are in line with that new reality. They need to retrain for jobs that will serve the new needs of the people.
But those who are suddenly unemployed, and desperate just to find a way to feed their families this week, have no means to pivot, retrain, and acquire new skills. That's where a functioning government would come in, to support these would-be workers in their effort and then put them to work for the good of all.
We have no such government now, at least not at the federal level. We may be able to start to build one next January, but even so, the transformation will not be quick. In the meantime, we are all going to have to hang together and help each other as much as we can.