As far as getting old jobs back, many companies will cease to exist unless bailout money magically sustains them, which it likely won't.
Many businesses were weak, operating with high debt and thin margins. The math that allowed them to continue to exist just got destroyed, they aren't coming back. No cash flow, no cash reserves means no ability to service that debt. Taking on additional debt to bridge this crisis would create a new level of future debt service that isn't sustainable with previously good revenues.
Disposable income is going to be gone for many until we get a vaccine rolled out in 18-24 months. Hospitality, travel, foodservicr, events and entertainment industries will be decimated until we reach herd immunity.
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Very much not "the flu".
As far as getting old jobs back, many companies will cease to exist unless bailout money magically sustains them, which it likely won't.
Many businesses were weak, operating with high debt and thin margins. The math that allowed them to continue to exist just got destroyed, they aren't coming back. No cash flow, no cash reserves means no ability to service that debt. Taking on additional debt to bridge this crisis would create a new level of future debt service that isn't sustainable with previously good revenues.
Disposable income is going to be gone for many until we get a vaccine rolled out in 18-24 months. Hospitality, travel, foodservicr, events and entertainment industries will be decimated until we reach herd immunity.