17 Comments
 

You'd like to think so, but if you read the story about a group of retards who caught the coronavirus after hosting a "coronavirus party," you'd realize that's not going to happen lol

 

I don't think anyone can make an accurate prediction of how's it going to be in 1 month, let alone 1 year.

Never discuss with idiots, first they drag you at their level, then they beat you with experience.
 
"neink" I don't think anyone can make an accurate prediction of how's it going to be in 1 month, let alone 1 year.
Agreed
“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
 

amen

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 
Most Helpful

I think the most significant way our lives will be different would be related to the economic devastation we will experience. Estimates for unemployment range from 10% to 30%. I originally thought the number would be about 15% which is more than we saw during the great recession and less than in the great depression. Just like GS, I am going to revise my estimate higher to about 25% and this does not include people working fewer hours. If we include people who are working fewer hours, the number might be 50%. The government will have to spend a substantial amount of money bailing out industries and individuals. I am not sure how a government goes bankrupt this is one way to do it.

I am sure lots of people who lose jobs will never get them back. I think this pandemic is going to have a substantial effect on programs like social security. The age of eligibility will likely rise or perhaps the whole program in its current form will be overhauled.

 

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