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For posterity, a few charts on cost per month of a few ideas:
First, here'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'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's cumulative cost of payroll support per month by business size ($251bn per month for biz with fewer than 500 employees)
And here'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'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
Also, source of occupational data: https://www.stlouisfed.org/on-the-economy/2020/march/social-distancing-contact-intensive-occupations
