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#Coronavirus #Jobs Impact Timeline
Best guess: we have 2 months MAX to contain #Covid19 before layoffs & recession start. Our leaders better start LEADING.
More:
-Newsletter: http://ideafaktory.com/newsletter
-Podcast: http://TheMcFuture.com
-Past #predictions: http://ideafaktory.com/predictions
Best guess: we have 2 months MAX to contain #Covid19 before layoffs & recession start. Our leaders better start LEADING.
More:
-Newsletter: http://ideafaktory.com/newsletter
-Podcast: http://TheMcFuture.com
-Past #predictions: http://ideafaktory.com/predictions
Businesses that teeter on the edge of profitability, as many paying NYC rents do, might not be able to afford salaries during this pandemic.
To get an idea of how bad NYC restaurant/bar economics are, read this piece from Crain's https://www.facebook.com/ideafaktory/posts/1492223694172391 https://mobile.twitter.com/Jason/status/1238887985791127552
To get an idea of how bad NYC restaurant/bar economics are, read this piece from Crain's https://www.facebook.com/ideafaktory/posts/1492223694172391 https://mobile.twitter.com/Jason/status/1238887985791127552
Let's hope more companies are able to hold off on #layoffs.
Already had one friend, VP at a tech startup, laid off. Another works for a branding agency that laid off 3 & cut salaries of remaining 25 workers by 25%.
#jobs #economy #covid19 #coronavirus https://mobile.twitter.com/RalstonReports/status/1240006084837822465
Already had one friend, VP at a tech startup, laid off. Another works for a branding agency that laid off 3 & cut salaries of remaining 25 workers by 25%.
#jobs #economy #covid19 #coronavirus https://mobile.twitter.com/RalstonReports/status/1240006084837822465
I'm not enjoying this thread...
#jobs #layoffs https://mobile.twitter.com/profgalloway/status/1240098150242824192
#jobs #layoffs https://mobile.twitter.com/profgalloway/status/1240098150242824192
As in the graphic above, restaurants, small businesses and retail will be the first and hardest hit. Sadly, many won't come back from this. https://trib.al/PGaTUmg
I hope this doesn't happen, but not sure people realize the dominoes that start to fall in a total economic shutdown... It won't take long to reach a point where we'd rather have chanced the virus.
Thankfully, the rich will be spared. https://www.theblaze.com/news/unemployment_30_percent_coronavirus
Thankfully, the rich will be spared. https://www.theblaze.com/news/unemployment_30_percent_coronavirus
I wonder how much of our old economy is over...with the futility of our occupations & preoccupations laid bare.
Unless you make, distribute, sell or service a *necessary* product (& we now know what they are), you're an entertainer. Existing at the pleasure of fickle patrons.
Unless you make, distribute, sell or service a *necessary* product (& we now know what they are), you're an entertainer. Existing at the pleasure of fickle patrons.
Resetting our old economy will carry heavy psychological & economic implications.
I explored some of the psychological ones in The Economics of Happiness http://ideafaktory.com/happiness
Plus
https://mobile.twitter.com/ideafaktory/status/1045027987165515776
And this series on the #future of #capitalism: https://mobile.twitter.com/ideafaktory/status/982619281195241472
I explored some of the psychological ones in The Economics of Happiness http://ideafaktory.com/happiness
Plus
https://mobile.twitter.com/ideafaktory/status/1045027987165515776
And this series on the #future of #capitalism: https://mobile.twitter.com/ideafaktory/status/982619281195241472
Events/travel/entertainment companies will have a rough time for a while.
Can't Yelp your living room. https://mobile.twitter.com/ritholtz/status/1248560983716626432
Can't Yelp your living room. https://mobile.twitter.com/ritholtz/status/1248560983716626432
As IBM lays off "thousands", time to revisit my job loss scribble from this thread & this video.
It's playing out exactly in this order, sightly faster because of the extended quarantine.
https://www.businessinsider.com/ibm-icutting-several-thousand-jobs-covid-19-2020-5 https://mobile.twitter.com/ideafaktory/status/1244077091278090240
It's playing out exactly in this order, sightly faster because of the extended quarantine.
https://www.businessinsider.com/ibm-icutting-several-thousand-jobs-covid-19-2020-5 https://mobile.twitter.com/ideafaktory/status/1244077091278090240
