TheDisneyDaysOfOurLives
Well-Known Member
- In the Parks
- Yes
They are working to keep the current numbers of infections and deaths lower than they would otherwise be. That was the only claim I made.
This is still based off modeling. We could've had no restrictions in place and seen the same numbers. We honestly don't know, that's my point. It's all based off of modeling of what could happen.
The difference is nobody knows how many of the jobs will come back when everything opens up again. In previous recessions and the Great Depression those jobs were gone not furloughed and it took years to eventually grow back to the equivalent level. When bars and hotels and restaurants and malls reopen a large number of the jobs will immediately return. Some businesses will go under, but not to the level of 40 to 50% unemployment. In the link to the McKinsey analysis I posted earlier they estimate up to 1/3 of American jobs are at risk but that equates to less than 30% unemployment due to the surge of hiring for online retail, grocery stores and delivery services. 2 to 3 million new temporary jobs will be created. Don’t get me wrong, 30% unemployment would be devastating but I haven‘t seen anyone estimate 50%. If so that’s just sensationalism, just like the media hyping the death count from the disease.
30% is still higher than anything we've ever had. How long will the roles that are being hired on for now continue? They're happening because of unprecedented spikes in demand. How long is that going to last? How long before people realize 'Welp, I can't buy anymore food because of storage/cost/etc.' and those jobs are dropped because the demand has died off? In four months, if the additional $600/week is no longer offered, how long until people are sacrificing everything they have and thus not buying on Amazon/Grocery Stores/etc.? Those jobs have been created through unique circumstances and are far from guaranteed to still be here six months from now. In addition, those are low-wage jobs. What happens when you have those making north of $100K start losing their jobs? I promise you, those $13/hr jobs will fall off AND employers don't want high-earners working low-wage jobs because they fear them leaving at the drop of a hat for a better job that pays them closer to what they were making before.
I told y'all Disney was going to ask for government bailout money. Now other media companies will do the same.
Everyone is going to ask for bail out money.