How you can help ensure people get their jobs back
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Of course, on an individual basis it’s insignificant, but en masse it can spell the difference between a restaurant closing up permanently due to such major loss of income and struggling back to its feet: if you can afford it, order delivery (contactless if possible, which I’m finding most places are offering) from your local restaurants. It helps these places bring in income, and as a side benefit, reduces the time or frequency you spend in the grocery.
Similarly, order stuff online from the stores you like to frequent.
Granted, part of the reason this might be difficult even for the somewhat affluent is the psychology of buying when we’ve seen our retirement funds devastated. But if you don’t need the money in there for the next year or so (and thus have time for it to recover), and you have a nice cash cushion, go ahead and order a couple of meals a week and buy a new article of clothing.
I believe in a "V" curve bounce-back. Many restaurants and other businesses will be bankrupt, but the demand for their services has not gone anywhere, so others will re-open those businesses. This is only a temporary government induced problem, where the only lasting problem is the massive increase in debt.
In a month every restaurant will be full, and you'll be eating steak Applebee's again.
Of course, on an individual basis it’s insignificant, but en masse it can spell the difference between a restaurant closing up permanently due to such major loss of income and struggling back to its feet: if you can afford it, order delivery (contactless if possible, which I’m finding most places are offering) from your local restaurants. It helps these places bring in income, and as a side benefit, reduces the time or frequency you spend in the grocery.
Similarly, order stuff online from the stores you like to frequent.
Granted, part of the reason this might be difficult even for the somewhat affluent is the psychology of buying when we’ve seen our retirement funds devastated. But if you don’t need the money in there for the next year or so (and thus have time for it to recover), and you have a nice cash cushion, go ahead and order a couple of meals a week and buy a new article of clothing.
I think if you cook instead of buy you will have acushion during next layoff or downtrn. We spend around 50 dollars eating out last 3 weeks. Not a fan of amazon either. But we try tonsupport the afterschool provider, school by still paying the dues so they can support them even though school is closed.
I'm skeptical that eating at restaurants will make a come back soon. They serve to concentrate people, so they will be subject to whatever restrictions still apply to group gatherings. More restrictive capacity limits will likely be required, and additional precautions may be needed. Perhaps tables surrounded by plastic barriers or curtains, and servers wearing protective gear? I don't know.
Of course many restaurants will fold, as I said in my OP. But if things start to open up within the next few weeks, many restaurants will come back, as there is a lot of pent-up demand. It’s likely that restaurants will have to remove some of their tables to allow for less crowding, but people will still want to come with their families and friends. Also, with Trump’s recommendation to bring back the business lunch deduction, business meals (which is a BIG part, especially in the cities around 1 pm!) will come back as well.
For a while, though, until treatment and/or a vaccine is here, restaurants will serve fewer at a time due to people wanting to spread out. But it can keep most afloat until business is back to normal within a year.
I'm sorry, but the reality is doomy and gloomy. Covid is letting up because we are staying home. As soon as we stop, it will come right back. We already see that in other countries. If we go out with "family and friends" we will realize we could kill granny (or someone else's granny). At work, the boss will get sick. How much risk will we accept?
We will adjust to live with it, of course. I don't know what that new reality will be but I am certain it is not going to be business as usual for a long time without therapeutics or a vaccine or some unexpected mutation in the virus.
I'm skeptical that eating at restaurants will make a come back soon. They serve to concentrate people, so they will be subject to whatever restrictions still apply. More restrictive capacity limits will likely be required, and additional precautions may be needed. Perhaps tables surrounded by plastic barriers or curtains, and servers wearing protective gear? I don't know.
The question is can a restaurant make it financially with a significantly reduced demand because of distancing?
I don't see people packing into an Applebee's in a month's time. Maybe in six months' time, IF cases don't surge in the fall.
We aren't ordering any takeout, as I think it's less risky to simply cook our own food. Also, we're finding a lot of joy in making fancier meals than we typically would... and to be honest, our food tastes better than what we typically get at a restaurant because we are both good cooks and we use high-quality ingredients. So that's one change that I think will stick around for my family. I see photos of the things my friends are cooking and I suspect the same will go for many of them, though maybe old habits die hard and people will get back to eating restaurant meals. But I really don't see the industry being anywhere near what it was a few months ago for a long, long time.
Of course, on an individual basis it’s insignificant, but en masse it can spell the difference between a restaurant closing up permanently due to such major loss of income and struggling back to its feet: if you can afford it, order delivery (contactless if possible, which I’m finding most places are offering) from your local restaurants. It helps these places bring in income, and as a side benefit, reduces the time or frequency you spend in the grocery.
Similarly, order stuff online from the stores you like to frequent.
Granted, part of the reason this might be difficult even for the somewhat affluent is the psychology of buying when we’ve seen our retirement funds devastated. But if you don’t need the money in there for the next year or so (and thus have time for it to recover), and you have a nice cash cushion, go ahead and order a couple of meals a week and buy a new article of clothing.
The easiest way to keep all the jobs is to shut down all the evil corporations.
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