The economy post-Covid

[Purple Tiger]

I was talking about the uaw specifically, not basic contracts.

But thanks for the obvious.

Why would the UAW cancel their contracts with the automakers? Cars aren't selling and the UAW has nothing to do with that.

 

[Purple Tiger]

As soon as the vaccine is ready to save the economy, maybe Santa Claus will be able to distribute them to everyone in one night too.

Jack the Ripper is bringing your dose to you.

 

[NurseGoodVol]

Boy won't that open up a can of worms.

It absolutely will.

 

[Purple Tiger]

They are not intertwined

They certainly are. You will not see a return to pre-COVID society until there is a vaccine.

BTW, I was speaking to one poster in particular who wants the economy to reopen but is whining about taking a vaccine.

 

[McDad]

They certainly are. You will not see a return to pre-COVID society until there is a vaccine.

BTW, I was speaking to one poster in particular who wants the economy to reopen but is whining about taking a vaccine.

We have short memories. We love our comfort and convenience. After Memorial the adherents of covid precautions will wane precipitously.

 

[Orangeburst]

It absolutely will.

Hey I got u to 10K likes!

 

[NEO]

Why would the UAW cancel their contracts with the automakers? Cars aren't selling and the UAW has nothing to do with that.

The manufactors have binding agreements with the uaw and their distributors that they will manufacture a certain amount of product in uaw plants no matter what unless a clause is triggered that allows the manufactures to stop.


This is what we were discussing.....there is debate on whether this would trigger the clause or not.....and no its not certain it would.

 

[Rasputin_Vol]

Bill Gates is bringing your dose to you.

fyp

 

[Rasputin_Vol]

They can force you to face consequences if you won't in healthcare.

And could probably make it an OSHA requirement outside of health care.

 

[volfanhill]

Good luck with that. Lawyers are gonna get rich fighting that one.

They can't force you to get a vaccine.

Your employer can

 

[0nelilreb]

Your employer can

Lol -I’ve got something for all you employers that think you can force me into take a vaccine as an adult that’s new ....

 

[hog88]

Lol -I’ve got something for all you employers that think you can force me into take a vaccine as an adult that’s new ....

You’re right, you’re employer can’t force you to take a vaccine. They can also not employ you.

 

[0nelilreb]

You’re right, you’re employer can’t force you to take a vaccine. They can also not employ you.

If I was 18-25 or in the military , that might worry me . It doesn’t at all now . I could probably scratch around and pick up aluminum cans or something . Lol

 

[volfanhill]

Lol -I’ve got something for all you employers that think you can force me into take a vaccine as an adult that’s new ....

I am not high enough up in the food chain to make that call. I am capable of reading the tea leaves however.

 

[05_never_again]

Not exactly sure what this means for trading goods.

In order to ship the stuff they make globally. They need the US Navy patrolling the shipping lanes. They can't do it themselves.

 

[Velo Vol]

Good chart to visualize unemployment.

 

[Vollifer1949]

https://www.cbpp.org/research/pover...covid-19-economys-effects-on-food-housing-and

 

[allvol123]

This is NOT a thread about Trump or any current politician or election. This is about the long term nature of the economy once the Covid situation is over.

The predictions are dire. Goldman Sachs is forecasting peak unemployment to reach 25 % very soon. I heard on CNBC this morning that some economists are forecasting that about 40 % of the jobs lost due to the virus will not come back, ever. Not to say there will not be jobs or businesses that replace them. But, a lot of people who have lost their jobs are not going to be called back to those particular jobs.

A lot of these are bottom rung jobs. Restaurants, hospitality, basic service jobs. So they can be replaced.

What do you think is the long term nature of what's going to happen with the economy in terms of structure? Maybe less restaurants and hotels, resorts? People will be reluctant to go to them, anyway. Even when we have a vaccine this is going to resonate for awhile. Are we going to have chronic unemployment to deal with for a decade-plus? Like 10 %?

The epitome of a @lawgator1 post.