For posterity, a few charts on cost per month of a few ideas:
First, here& #39;s the cumulative share of the labor force sorted by occupational contact intensity (proxy for Covid risk). Would cost $108bn per month to pay wages of those in high contact occupations.
First, here& #39;s the cumulative share of the labor force sorted by occupational contact intensity (proxy for Covid risk). Would cost $108bn per month to pay wages of those in high contact occupations.
Here& #39;s cumulative cost of payroll support per month by business size ($251bn per month for biz with fewer than 500 employees)
And here& #39;s cost of 100% revenue replacement per month by business size. Extraordinarily expensive relative to payroll cost replacement as payroll typically is about 20% of total cost.
Had to make a few assumption here (ie margins unchanged since 2017 so they& #39;re scaled accordingly with national compensation costs up to 2019Q4).
Also, source of occupational data: https://www.stlouisfed.org/on-the-economy/2020/march/social-distancing-contact-intensive-occupations">https://www.stlouisfed.org/on-the-ec...
Also, source of occupational data: https://www.stlouisfed.org/on-the-economy/2020/march/social-distancing-contact-intensive-occupations">https://www.stlouisfed.org/on-the-ec...