Who is most economically impacted by CV19?

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O Really
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Re: Who is most economically impacted by CV19?

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And for those who kept carping about "how ya' going to pay for universal healthcare," maybe the answer is, "same place we got the $1,000/head."

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Re: Who is most economically impacted by CV19?

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O Really wrote:
Wed Mar 18, 2020 4:33 pm
And for those who kept carping about "how ya' going to pay for universal healthcare," maybe the answer is, "same place we got the $1,000/head."
Just wait and see how much the fat cats get
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Re: Who is most economically impacted by CV19?

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Ulysses wrote:
Wed Mar 18, 2020 4:12 pm
I'm not talking age or health groups, which certainly are a concern, but which sectors and workers are most damaged by this crisis and the methods being used in response?

Off the top of my head, waiters and waitresses will certainly see a reduction in their hours, if not loss of their jobs, as restaurants have been shutting down, and moving to take-out only, if that. Probably bartenders, too. Then there are the airline stewards and stewardesses. The entire tourist/travel industry is going to take a big hit. Theaters, sports venues, performing artists, concert halls. Hotels/motels/resorts.

It's bad. And is looking to get worse before it gets batter.

$1,000 checks to every American? OK, I wouldn't turn one down, but wouldn't it have been better for our government to have taken a pro-active stance early on, as far back as April 2018 when it first learned of this lethal viral epidemic?

At the start of 2020 I figured that the rest of Trump's hopefully final year in office would at worst see economic stagnation amid growing racist/nationalist hate rhetoric from the Right. Now it's looking like a major recession.

Fuck.
I have lost some serious money but I'll survive financially, not so for many others.

Construction industry - especially the bottom small carpenter etc most are considered self employed
Day laborers are going to be in trouble

Worse hit will be the undocumented workforce from construction, restaurants, hotels, golf courses, and so on. They can't go home and no money or job to stay.

My kid recently took a sports reporter job, moved to Atlanta and leased an apartment. He was to go to the Final Four games and was on cloud nine 2 months ago. Today no sports to report. They're trying to keep everyone on, but ...
Trump: “We had the safest border in the history of our country - or at least recorded history. I guess maybe a thousand years ago it was even better.”

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Vrede too
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Re: Who is most economically impacted by CV19?

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Whack9
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Re: Who is most economically impacted by CV19?

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billy.pilgrim wrote:
Wed Mar 18, 2020 5:12 pm
Ulysses wrote:
Wed Mar 18, 2020 4:12 pm
I'm not talking age or health groups, which certainly are a concern, but which sectors and workers are most damaged by this crisis and the methods being used in response?

Off the top of my head, waiters and waitresses will certainly see a reduction in their hours, if not loss of their jobs, as restaurants have been shutting down, and moving to take-out only, if that. Probably bartenders, too. Then there are the airline stewards and stewardesses. The entire tourist/travel industry is going to take a big hit. Theaters, sports venues, performing artists, concert halls. Hotels/motels/resorts.

It's bad. And is looking to get worse before it gets batter.

$1,000 checks to every American? OK, I wouldn't turn one down, but wouldn't it have been better for our government to have taken a pro-active stance early on, as far back as April 2018 when it first learned of this lethal viral epidemic?

At the start of 2020 I figured that the rest of Trump's hopefully final year in office would at worst see economic stagnation amid growing racist/nationalist hate rhetoric from the Right. Now it's looking like a major recession.

Fuck.
I have lost some serious money but I'll survive financially, not so for many others.

Construction industry - especially the bottom small carpenter etc most are considered self employed
Day laborers are going to be in trouble

Worse hit will be the undocumented workforce from construction, restaurants, hotels, golf courses, and so on. They can't go home and no money or job to stay.

My kid recently took a sports reporter job, moved to Atlanta and leased an apartment. He was to go to the Final Four games and was on cloud nine 2 months ago. Today no sports to report. They're trying to keep everyone on, but ...
Yeah it's gonna be bumpy for a lot of people. Weird times we live in. What a mess.

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Greg55_99
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Re: Who is most economically impacted by CV19?

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Anybody been laid off yet? I'm working from home these days.

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neoplacebo
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Re: Who is most economically impacted by CV19?

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Greg55_99 wrote:
Thu Mar 19, 2020 7:49 am
Anybody been laid off yet? I'm working from home these days.

Greg
Retired here. I had been thinking of selling my electric dog polishers in the Northwest Territory but since the Canadian border is shut down, I've given up on it.

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Whack9
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Re: Who is most economically impacted by CV19?

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Greg55_99 wrote:
Thu Mar 19, 2020 7:49 am
Anybody been laid off yet? I'm working from home these days.

Greg
I'm full time work from home now too.

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O Really
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Re: Who is most economically impacted by CV19?

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I was mostly remote for several years before I mostly retired. But I can sympathize with those accustomed to an office getting tossed home to work without adequate preparation and support. There are some, but most jobs don't consist totally of a laptop and a cellphone. I'm also reminded of a not-entirely-humourous comment made by a senior guy several years ago regarding working from home "don't forget, any job that can be done from home can be done from India." ;)

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Re: Who is most economically impacted by CV19?

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Greg55_99 wrote:
Thu Mar 19, 2020 7:49 am
Anybody been laid off yet? I'm working from home these days.

Greg
Mostly retired, but have already had several cancellations at the vacation houses we still manage and I guess you could say that I got laid off by my stocks.
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Re: Who is most economically impacted by CV19?

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O Really wrote:
Thu Mar 19, 2020 10:48 am
... I'm also reminded of a not-entirely-humourous comment made by a senior guy several years ago regarding working from home "don't forget, any job that can be done from home can be done from India." ;)
:o Ut-oh Greg55_99, Whack9 and banni.
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Re: Who is most economically impacted by CV19?

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Unemployment insurance claims jumped nearly 1,500% in two weeks
I have been a labor economist for a very long time and have never seen anything like this


...

Image

... this is just the tip of the iceberg. We estimate that by the summer, 14 million workers will lose their jobs due to the coronavirus shock, with significant losses in every state.

... the broader stimulus package contains many weaknesses that reduce its effectiveness. Last week’s spike in UI claims provides a sense of the mass economic harm this crisis is causing to the working families of this country. After the bill currently under debate passes, further help from policymakers will clearly be needed to stem the economic damage.
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Re: Who is most economically impacted by CV19?

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I sort of think RUdy is being impacted monetarily during this vicious shit rain. He sure has been shutting the fuck up lately. This means he's losing money and his talking skull is overheating in a serious way. Rudy is about to bust out. Get ready. Plus I'm still waiting on that briefcase full of evidence he brought back from Ukraine several months ago. It must be a hell of a trove of evidence if it's taking this long to sort through all of it. But I Feel Rudy can get it done. Soon he will flap his liver lips.

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Re: Who is most economically impacted by CV19?

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Ulysses wrote:
Wed Mar 18, 2020 4:12 pm
I'm not talking age or health groups, which certainly are a concern, but which sectors and workers are most damaged by this crisis and the methods being used in response?

Off the top of my head, waiters and waitresses will certainly see a reduction in their hours, if not loss of their jobs, as restaurants have been shutting down, and moving to take-out only, if that. Probably bartenders, too. Then there are the airline stewards and stewardesses. The entire tourist/travel industry is going to take a big hit. Theaters, sports venues, performing artists, concert halls. Hotels/motels/resorts.

It's bad. And is looking to get worse before it gets batter.

$1,000 checks to every American? OK, I wouldn't turn one down, but wouldn't it have been better for our government to have taken a pro-active stance early on, as far back as April 2018 when it first learned of this lethal viral epidemic?

At the start of 2020 I figured that the rest of Trump's hopefully final year in office would at worst see economic stagnation amid growing racist/nationalist hate rhetoric from the Right. Now it's looking like a major recession.

Fuck.

In UK, it's self employed people who became so this tax year.

No books to show, for tha profit to be used as a base; and no access to standard unemployment benefits, beyond £96 a week.

Incidentally, that would be me. If my current project goes in to lock down.

Approximately a 97% income drop, with no income until June.

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O Really
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Re: Who is most economically impacted by CV19?

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So California passed a law that - short version - makes it more difficult for someone to be classified as an "independent contractor" and not an "employee." It was railed against by a bunch of (mostly) right-wing sorts complaining about nanny-state, and all sorts of stuff that didn't apply. Truck drivers and other "independent" occupations whined a lot, got a bunch of them to stand out in front of stores and collect signatures on petitions, yada. Of course, now that they've lost their jobs, they want to get unemployment benefits. But only "employees" are eligible for UC. Opps.

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Re: Who is most economically impacted by CV19?

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Ulysses wrote:
Fri Mar 27, 2020 10:08 pm
"Opps"? Do you mean "Oops"? Or some other less genteel meaning? ...
Old, old BRN tease of a semi-literate con that left for CPF then got banned or quit from there. Inside joke for us now.
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Re: Who is most economically impacted by CV19?

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Unemployment benefits vary a little from state to state, but are generally based on earnings in the first 3 of the last four calendar quarters. So from now, that would be Oct-December 2019. All those people whining about having to become employees weren't employees then, so now their "independence" and non-nannyist condition makes them ineligible for benefits. "Opps" re-stated, careful what you wish for - you might get it. The additional price of their "independence" is no workers' comp if they get injured at work, required to pay double for social security, and unable to bring discrimination charges under Title VI or payment claims under FLSA. But hey - they "ain't got no boss."

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Re: Who is most economically impacted by CV19?

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Ulysses wrote:
Fri Mar 27, 2020 10:47 pm
Oh, OK, thanks for the explanation (I think).

I was worried because when I googled "Opps" all sorts of unsavory slang definitions popped up, including the memorable "Other People's P*ssy"... LOL... Why anyone ever felt a need to coin a term for that, I can't quite wrap my brain around. People are fun. Opps.
Nah, nothing like that for us. He just screwed up "Oops" a few times and most of us adopted his "Opps". He took it quite well, which was rare for him.
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Re: Who is most economically impacted by CV19?

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Vrede too wrote:
Sat Mar 28, 2020 6:09 am
Ulysses wrote:
Fri Mar 27, 2020 10:47 pm
Oh, OK, thanks for the explanation (I think).

I was worried because when I googled "Opps" all sorts of unsavory slang definitions popped up, including the memorable "Other People's P*ssy"... LOL... Why anyone ever felt a need to coin a term for that, I can't quite wrap my brain around. People are fun. Opps.
Nah, nothing like that for us. He just screwed up "Oops" a few times and most of us adopted his "Opps". He took it quite well, which was rare for him.
Ah, yes, old Colonel Taylor, king of opps. I guess an "opps" legacy is better than none, though. And then there was the time I screwed up "dumbass" as "dubmass" which was also a forum first. I will now utilize both in a true story......Opps! that dubmass mailman left a small box on my porch yesterday that was addressed to someone else. So I had to opps on over there and deliver the dubmass box myself. It was a small box about the size of a seven inch cube.....it may have been full of diamonds. Opps.

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Re: Who is most economically impacted by CV19?

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O Really wrote:
Fri Mar 27, 2020 9:53 pm
So California passed a law that - short version - makes it more difficult for someone to be classified as an "independent contractor" and not an "employee." It was railed against by a bunch of (mostly) right-wing sorts complaining about nanny-state, and all sorts of stuff that didn't apply. Truck drivers and other "independent" occupations whined a lot, got a bunch of them to stand out in front of stores and collect signatures on petitions, yada. Of course, now that they've lost their jobs, they want to get unemployment benefits. But only "employees" are eligible for UC. Opps.

Interesting that there seems to be, or so I'm told, an exception, or a look the other way, for the insurance companies. Most people don't know that well over 90% of insurance adjusters are considered to be Independent Contractors. Even the desk adjusters who clock in and have a desk at the company shop are somehow considered as Independent Contractors.
Trump: “We had the safest border in the history of our country - or at least recorded history. I guess maybe a thousand years ago it was even better.”

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