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22-03-2020, 02:36 PM | #1 | ||
Kicking back
Join Date: Dec 2013
Location: Western sydney
Posts: 8,327
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Now i am no economist and dont claim to be, but lately ive heard a few very uneducated opinions. Pretty much dumb stuff like people saying the government should give people money and not worry about the economy. Thats not how it works. After the last gfc, it took a long time for my work to pick up. No companies wanted to spend money. How did that affect me as an employee? Simple, reduced work coming in means less overtime. At the moment with so many of my clients working from home, i have not a huge amount to do. So i can sence it taking a long time to recover from this.
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22-03-2020, 02:56 PM | #2 | ||
AWD Assassin
Join Date: Dec 2004
Posts: 8,170
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This will be the biggest challenge of all after the critical virus threat has settled. Any small re outbreak in the months and years to come is likely to unsettle and undo any economic repair that was done not to mention the possibility of mutations which would render useless any testing and vaccine work currently validated.
Common sense is also being tested here and that’s also a concern as not everyone is adopting the same sense of responsibility. Human and cultural nature really is an interesting differentiator during these times. I just hope we all come out the other end of this somewhat wiser and with a better appreciation and a much higher weighting of the simple qualities of life v the material quantities of life....
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22-03-2020, 03:12 PM | #3 | ||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,618
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A conservative Government committing 10% of GDP and doubling welfare with the stroke of a pen is unprecedented, if that's not enough to open the eyes of even the most ignorant/defiant to the impact that this will have on so many facets of society then I don't know what would be.
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22-03-2020, 03:39 PM | #4 | |||
Moderator
Join Date: Jan 2014
Location: Melbourne
Posts: 7,940
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