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RE: A MUST WATCH: especially for all you American Hivers

in #economy4 years ago

Either way, we'll all have to have the COVID-19. 28 million and it continues ... What do you think?

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I think the longer it takes, the more that number will rise. This is just the beginning.
Because after this is back to "normal", even for big companies (if they make a profit), for quite a while they first have to pay a lot of outstanding payments, (interest on loans, creditors, salaries etc., you name it.
Anyway, the biggest expenses of almost all companies are salaries. And the easiest way to ensure that balance sheet give positive numbers is to cut on those salaries. So lots more people are gonna be discharged imo.