The Economy

[Richie the Rally Goat]

I didn’t want to take over the Covid thread that should discuss the virus and new norms. I also didn’t want to take over the stock market thread because “the Stock Market isn’t the Economy”.

 

So I started a new thread. I am hoping to discuss indicators. Unemployment, unemployment benefits, Covid related shut downs/furloughs/layoffs... broad is great, detailed is better.

[Richie the Rally Goat]

The Backbone of the US Economy; Physical proximity professions, have been hit very hard in this Covid-19 world.

 

https://www.stlouisfed.org/on-the-economy/2020/march/social-distancing-contact-intensive-occupations

 

https://mobile.twitter.com/tracyalloway/status/1282316826362277888

 

Forecasting based on outbreaks might help speed more targeted financial and medical assistance.

[ashbury]

The Backbone of the US Economy; Physical proximity professions, have been hit very hard in this Covid-19 world.

 

https://www.stlouisfed.org/on-the-economy/2020/march/social-distancing-contact-intensive-occupations

 

https://mobile.twitter.com/tracyalloway/status/1282316826362277888

 

Forecasting based on outbreaks might help speed more targeted financial and medical assistance.

Physical proximity is another, related, way of describing how I've been thinking of who's at risk: dependency. The elderly in nursing homes and similar facilities are one obvious grouping. Similarly others who are in situations beyond their control. But there are also those who have consciously decided to be "dependent", in the sense that they chose for instance to live in cities because of the amenities like mass transit, and who are now hit hard. Now, "choice" itself is problematic, because those in poverty do not have absolute freedom to live wherever they choose. Still, the catch phrase of Covid has been "we're all in this together," and yet those people who have been living that philosophy since before the pandemic have been bearing the brunt of it during the pandemic.

 

I don't have a solution to offer. Nor is it intended as a value judgement. Merely a description that I haven't seen expressed too many times, that marks where to look for problems that even well-intentioned people can't navigate around when a disease like this strikes.

[Richie the Rally Goat]

Physical proximity is another, related, way of describing how I've been thinking of who's at risk: dependency. The elderly in nursing homes and similar facilities are one obvious grouping. Similarly others who are in situations beyond their control. But there are also those who have consciously decided to be "dependent", in the sense that they chose for instance to live in cities because of the amenities like mass transit, and who are now hit hard. Now, "choice" itself is problematic, because those in poverty do not have absolute freedom to live wherever they choose. Still, the catch phrase of Covid has been "we're all in this together," and yet those people who have been living that philosophy since before the pandemic have been bearing the brunt of it during the pandemic.

 

I don't have a solution to offer. Nor is it intended as a value judgement. Merely a description that I haven't seen expressed too many times, that marks where to look for problems that even well-intentioned people can't navigate around when a disease like this strikes.

The double-whammy. Home ownership is the single largest portion of wealth for average Americans. Those who already are not able to build that equity are now the most vulnerable to the virus.

 

https://www.usatoday.com/story/money/2020/06/29/black-homeownership-lags-whites-fueling-wealth-gap-report-finds/3244738001/

[gunnarthor]

So the economy was really, really bad last quarter. 

 

https://finance.yahoo.com/news/q2-gdp-us-economy-coronavirus-pandemic-consumer-171558880.html

 

 

[Craig Arko]

I expect to see even more explosive growth in automation and robotics, probably augmented reality remote systems as well.

 

Basically human distancing via technology. The economy will reshape itself to absorb this.

 

I don't know that I like it, but it seems a likely next stage. We'll need different ways to interact with one another as social critters.

[Brock Beauchamp]

 

I expect to see even more explosive growth in automation and robotics, probably augmented reality remote systems as well.

 

Basically human distancing via technology. The economy will reshape itself to absorb this.

 

I don't know that I like it, but it seems a likely next stage. We'll need different ways to interact with one another as social critters.

This virus has only accelerated our need for UBI, which the tech community has been preaching for years now...