Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Loge23

(3,922 posts)
3. It's only just beginning.
Sat Mar 28, 2020, 11:51 AM
Mar 2020

The loss of lives should rightly be the focus of this disaster, but we also need to be mindful of the economic toll which will be will be massive.
Millions of small businesses - so-called Mom & Pops - will be lost along with, for many of them, their entire assets. It's no secret in America that proprietors of these small businesses run just about everything through their businesses. Even larger concerns will be significantly down-sized if they survive at all.
Yes, corporations have themselves to blame for piling on debt, buying back their shares, and obscenely rewarding their executives at the expense of their non-union workforce, but here we are nonetheless.
Then there's the employees. It's also no secret that many of the jobs in the pre-virus economy were low-paying jobs. The OP example clearly describes one such person in this situation. These folks have to eat, to stay in their residences, to raise their families.
It's difficult to see how civil unrest will not follow the health emergency, or even accompany it.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»General Discussion»'We Have Lost It All': Th...»Reply #3