That was not what we were discussing. What we were discussing is if the economy would bounce back. When people have money to spend freely, it will bounce back. That was my point.
But they won't have money, and if they do, they'll conserve it. This is the second whammy of this, people who were spending freely, if if they still have jobs, are going to be a lot more nervous about buying that new car or that new electronics. More to the point, when retirees see how their nest eggs have been damaged in teh Trump Crash, they'll stop spending.
It will take the economy YEARS to recover from this... but they'll take it out on Trump first.
On one hand, you state that people will not want to go back to work with a decent or larger income thanks to the governments. I can totally agree with that. But on the other hand, you say employers will look for cheaper labor out of desperation of the workers.
I say they'll **** the working man over. Remember the story of the Scorpion and the Frog? Yes, they will try to use this as a chance to **** working people because, that's their nature.
So let's look at this more realistically: Workers are happy living on the dole. Employers need to draw those people off the dole to work for them. Wouldn't that increase wages and benefits instead of the other way around???
Nope. Funny thing about the one percent. Their every waking thought is "How can I **** the working man today?" That's what happened in 2008. They fired all those people they hired and paid too much to in the oughts, or people who were making more money because they got raises, and hired a bunch of hungry waifs willing to work for less.
NOW, if we had worker protection laws that REQUIRED them to rehire the people they laid off, at the same rates, that would be different.
I'm an employer that produces widgets. My offer is $800.00 a week for 45 hours of work. Unemployed workers, who are making $1,000.00 a week by not working, are not interested in my offer. What would I have to do to make them interested????
Says a guy who was ALREADY ON THE DOLE before this started. Most people who want to work, who have a little more ambition than "Driving in a straight line" don't want to stay at home.
you also work on the assumption there will be a widget factory there when they get back. A lot of those widget factories are going to go under, regardless.
People who vote to "take it out on someone" are morons to begin with. Rational people understand an out of control worldwide pandemic is not the fault of a US President. Of course we've seen something similar before, when all the leftists were predicting that 911 destroyed GW's chances at reelection. But as I stated, rational people understood it was something virtually out of his control, and this is what's going to happen next election.
Actually, nobody predicted 9/11 would destroy Bush's chances at re-election. If anything, it took his illegitimate presidency and made it legitimate.
Three major difference between 9/11 and Trump's Plague.
First, 9/11 was enemy action taken directly against the US.
Second, Bush had three years to fix the economy after the correction. Trump has only 7 months, and we haevn't seen the worst of it.
Third, 9/11 was kind of limited in it's scope. The economy was already in recession, but the effects of 9/11 really didn't extend far beyond NYC. Trump's Plague is hitting the entire country, hard.
The BETTER comparison is how Bush mishandled Katrina. No one to blame but his own lack of preparedness and reaction, and it painted a picture of incompetence at the highest levels. Bush had Heckava Job Brownie, Trump has Jared telling the states they can't have masks.
Oh, yeah, final point. Trump's Plague has killed more people than 9/11 and Katrina combined.