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Mike 03

(16,616 posts)
Sat Apr 25, 2020, 12:42 PM Apr 2020

The coronavirus crisis is way worse than feared

AXIOS
1 hr ago
Jim VandeHei, Mike Allen

It's deflating, but it would be derelict to ignore: The hope of anything approximating normal in the coming months — and probably well beyond — is gone.

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.


5 replies = new reply since forum marked as read
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dhill926

(16,234 posts)
1. yep... lot of people whistling past the graveyard on this....
Sat Apr 25, 2020, 01:06 PM
Apr 2020

too early for a drink? West coast....hmmm...

Ferrets are Cool

(21,063 posts)
2. What I fear may happen is that states allow workers back
Sat Apr 25, 2020, 01:14 PM
Apr 2020

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)
3. A real leader, Angela Merkel, has warned that we are still at the beginning of this pandemic.
Sat Apr 25, 2020, 01:19 PM
Apr 2020
Merkel issues warning over coronavirus lockdown exit - the Guardian

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)
4. My humble opinion about employment
Sat Apr 25, 2020, 02:10 PM
Apr 2020

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)
5. I agree. But they can't do it on their own. They need a government that will help them.
Sat Apr 25, 2020, 03:07 PM
Apr 2020

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.

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