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Post by catcherman22 on Mar 25, 2020 14:32:26 GMT -5
Fourteen million US jobs could be lost by this summer as businesses shutter in response to the coronavirus pandemic, the Economic Policy Institute predicts in a new report.
That's more than 10% of all private sector jobs lost, the group writes. Retail, leisure and hospitality are expected to take the biggest hits.
These sectors "are likely to be disproportionately affected by the social distancing measures that are needed to slow this pandemic," said Julia Wolfe and David Cooper, Senior Economic Analysts at the EPI. "States like Nevada, Montana and Hawaii are projected to lose the highest percentage of their employment because a large amount of their workforce is employed in leisure, hospitality and retail sectors."
The EPI also estimates the US will need "at least $2.1 trillion in federal stimulus through 2020 to restore the country to reasonable economic health."
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Post by LKeet6 on Mar 25, 2020 14:34:05 GMT -5
(mildly "political," but again, not sure how to avoid that- we all want to know what the best approach is to this...) www.theguardian.com/commentisfree/2020/mar/25/there-is-no-trade-off-between-the-economy-and-health"Is the cure worse than the disease? The Times claimed today: “If the coronavirus lockdown leads to a fall in GDP of more than 6.4% more years of life will be lost due to recession than will be gained through beating the virus.” It’s hard to know where to start with this nonsense. It’s based on a paper currently under review at a journal entitled 'Nanotechnology Perceptions,' which simply assumes that a fall in GDP translates mechanically and directly into a fall in life expectancy. It’s this sort of reasoning that appears to be leading President Trump to call for an early end to restrictions in the US, claiming that far more people would die of suicide from a “terrible economy” than from the virus. But the premise is simply wrong. A recession – a short-term, temporary fall in GDP – need not, and indeed normally does not, reduce life expectancy. Indeed, counterintuitively, the weight of the evidence is that recessions actually lead to people living longer. Suicides do indeed go up, but other causes of death, such as road accidents and alcohol-related disease, fall. So at the most basic level, this argument ignores what the evidence says. But perhaps more importantly, the idea that the way to minimise the economic damage is to remove the restrictions before they’ve done their job – definitively suppressing the spread of the virus – is a terrible one." |
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Post by lessthanbread on Mar 25, 2020 14:39:27 GMT -5
Governor just gave the "Stay at Home" order for Minnesota effective Friday night. This isn't an indefinite order. He's planning on lifting it in two weeks and going back to the social distancing order
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Post by boffo on Mar 25, 2020 15:06:05 GMT -5
Got to work yesterday and we had an email saying there are 3 of our workers with symptoms and 1 is confirmed to have the virus in our NH locations. We have 6 or 7 buildings and around 1000 workers, but they wouldn't tell us which building or shift the confirmed case came from which is pretty frustrating. They did say HR will be reaching out to anyone on the teams they are part of. They also told us we are an essential business so won't be closing down and gave us letters to print out stating that fact in case NH goes into lock down like VT so we can show police if we get questioned as to why we're not at home. Any non essential workers are now working from home if they can. My work also sent out a letter in case it gets to the point of police checks. If I was to use it or say I forgot it at home if I did get stopped is still a question since I still think it's ridiculous that the bigwigs at work are willing to claim my department is essential when it very much is not. |
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Post by golferdude1994 on Mar 25, 2020 16:04:48 GMT -5
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Post by Deleted on Mar 25, 2020 18:25:36 GMT -5
Got to work yesterday and we had an email saying there are 3 of our workers with symptoms and 1 is confirmed to have the virus in our NH locations. We have 6 or 7 buildings and around 1000 workers, but they wouldn't tell us which building or shift the confirmed case came from which is pretty frustrating. They did say HR will be reaching out to anyone on the teams they are part of. They also told us we are an essential business so won't be closing down and gave us letters to print out stating that fact in case NH goes into lock down like VT so we can show police if we get questioned as to why we're not at home. Any non essential workers are now working from home if they can. My work also sent out a letter in case it gets to the point of police checks. If I was to use it or say I forgot it at home if I did get stopped is still a question since I still think it's ridiculous that the bigwigs at work are willing to claim my department is essential when it very much is not. Someone at work just said to me that the bosses telling us we're essential workers is the same as a stripper telling someone they're her favorite client. |
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reebdoog
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Post by reebdoog on Mar 25, 2020 18:57:15 GMT -5
sooooo... likely not an issue...but I've felt beat all day, my chest is a bit tight and my temp has started going up just a little... Sigh. I'll let you know if it keeps going up. smh.
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Post by cliffs on Mar 25, 2020 19:08:33 GMT -5
Got to work yesterday and we had an email saying there are 3 of our workers with symptoms and 1 is confirmed to have the virus in our NH locations. We have 6 or 7 buildings and around 1000 workers, but they wouldn't tell us which building or shift the confirmed case came from which is pretty frustrating. They did say HR will be reaching out to anyone on the teams they are part of. They also told us we are an essential business so won't be closing down and gave us letters to print out stating that fact in case NH goes into lock down like VT so we can show police if we get questioned as to why we're not at home. Any non essential workers are now working from home if they can. My work also sent out a letter in case it gets to the point of police checks. If I was to use it or say I forgot it at home if I did get stopped is still a question since I still think it's ridiculous that the bigwigs at work are willing to claim my department is essential when it very much is not. My wife gave me a copy of a letter her company sent out. I need it in case of stoppage while out and about. I drive my wife to work and that is why they said I need a copy. She is essential, therefore I am also. So now I have to be ready to show my papers when I leave the house. Can anybody else see where this could go if misconstrued. I don't mind at all but it is an odd feeling that I need this paperwork. |
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Post by boffo on Mar 25, 2020 19:16:35 GMT -5
My work also sent out a letter in case it gets to the point of police checks. If I was to use it or say I forgot it at home if I did get stopped is still a question since I still think it's ridiculous that the bigwigs at work are willing to claim my department is essential when it very much is not. Someone at work just said to me that the bosses telling us we're essential workers is the same as a stripper telling someone they're her favorite client. Now that Canada has altered their support payment plan for unemployed workers as a result of the shutdowns I would actually make more money if I was laid off and sat at home all day than I will by going into work every day. Plus starting tomorrow they're making everyone take 15 minutes to go through a health and temperature check before the start of every shift. I know I'm not going in any earlier than my usual 5 minutes before the shift starts. Even before these two new developments I was considering telling them I wasn't going to come in because I don't believe we're even slightly essential but now that temptation is so much stronger. Some grocery stores in this area have started paying their employees an extra $2 an hour, basically as a thank you and hazard pay for working through this. I think any employer wanting to deem their workers as essential should be required to do something along those lines. |
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Post by joegolferg on Mar 26, 2020 9:45:25 GMT -5
Ouch....
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Post by joegolferg on Mar 26, 2020 9:46:20 GMT -5
sooooo... likely not an issue...but I've felt beat all day, my chest is a bit tight and my temp has started going up just a little... Sigh. I'll let you know if it keeps going up. smh. Are you working still? |
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Post by nevadaballin on Mar 26, 2020 9:47:42 GMT -5
Not a surprise to anyone here. We knew that was going to be between 2 and 4 million. |
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Post by nevadaballin on Mar 26, 2020 9:49:29 GMT -5
sooooo... likely not an issue...but I've felt beat all day, my chest is a bit tight and my temp has started going up just a little... Sigh. I'll let you know if it keeps going up. smh. Damn man. I hope you are ok. |
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Post by nevadaballin on Mar 26, 2020 9:50:12 GMT -5
My work also sent out a letter in case it gets to the point of police checks. If I was to use it or say I forgot it at home if I did get stopped is still a question since I still think it's ridiculous that the bigwigs at work are willing to claim my department is essential when it very much is not. Someone at work just said to me that the bosses telling us we're essential workers is the same as a stripper telling someone they're her favorite client. That's a little over the line for a boss to say at work, isn't it? |
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Post by nevadaballin on Mar 26, 2020 9:52:30 GMT -5
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