Quote:
Originally Posted by WolfpackS2k
The economy is gonna bounce back quicker and be extra strong. There wasn't anything wrong structurally with the economy before COVID, things should get back on track. Big hiccup ahead will be everyone shifting away there interactions with China.
|
Let's assume for argument's sake that nothing was wrong with our economy (lol) before COVID, But COVID broke the rickety scaffolding supporting the economy. Not Wall Street, the real economy. A 20-25% unemployment rate will take years to recover from. Most employers that reduced their workforce will find that they can operate fine without hiring all those positions back. This will take YEARS to bounce back from.