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Igel

(37,483 posts)
2. It's possible.
Fri May 8, 2020, 10:03 AM
May 2020

But most corporations have lost money.

And when they go to borrow, they're going to be competing for investor dollars.

More than likely there's going to be a downturn as the people who were most likely to eat out become those most afraid of COVID--those making money will find that they have more because they're spending half to a third as much on some meals, but service workers and the businesses that employed them will lose out.

This will cause some structural problems in the economy, as less skilled and less educated workers suddenly find that not only did we offshore manufacturing for better air and cheaper stuff here but now there's less demand for them dicing us onions and preparing our coffee.

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