Quote from: exstasie on April 22, 2020, 11:59:13 AM

Quote from: Betwrong on April 22, 2020, 08:13:46 AM

Quote from: abhiseshakana on April 22, 2020, 01:05:36 AM

Concern after the pandemic ends is how to turn back the wheel of the economy so that a lot of labor is absorbed and restore the passion of consumption. Employment creation projects that absorb large numbers of workers must be guarded by the government, given permits and capital facilities with strict supervision. For the capital required, the government can make money as long as it is verified from the upstream and downstream industries and the money is actually played in the real sector.

Idk, mate, I think it's the easiest part. People are so tired of sitting at home now that I'm sure they will start working effectively as never before when quarantine is lifted.

The problem is more complex than that. A robust economy requires more than just a willing labor force. It needs employers.

A friend remarked to me a few weeks ago, something like "anyone who thinks a business can just close for two months and then reopen like nothing happened has never run a business before." And I think it's true. Half of US small businesses don't have enough cash to survive one month without incoming revenue: https://www.businessinsider.com/how-long-companies-can-survive-without-bringing-in-money-2020-3

Then there is this to consider:

Quote

The Federal Emergency Management Agency (FEMA) reports that "roughly 40% to 60% of small businesses never reopen their doors following a disaster."

It's probably safe to say we'll see a lot of permanent business closures as a result of these shutdowns. It will take years to recover those jobs.

It would certainly be so if there were no government support of small businesses. Yes, small companies can't survive without bringing in money, and they can't earn money while being closed, but if the government gives them the money they lack, they survive. The money given by government to them will not be enough for them to prosper, but it will be enough to survive. And I think this is what going to happen in the developed countries. But I'm not sure about underdeveloped ones.