MagicFan101 wrote:tiderulz wrote:MagicFan101 wrote:A few observations + questions:
-- Retail and restaurants make sense but what other industries are getting hit by unemployment? I'm just not seeing it here.
-- We just passed a $2T stimulus bill in weeks. Meanwhile, we have gone through decades of presidential elections where the topic of student loan forgiveness has been beaten to death and nothing has come of it due to claims of "crippling the economy." But student loans sit at just $1.6T and we aren't talking about a pandemic so there is time to spread out a solution. All options are on the table including volunteer work, income based partial forgiveness and so on.
-->> So why can we get one done in weeks and another takes decades with NOTHING to show? True, the pandemic requires quick action but does the fact that large companies are begging for handouts make a difference as well?
think about the industries that are impacted.
-who is going out to shop or buy a car when there is job insecurity? major business
-travel - airlines, rental cars, hotels
-tourism - amusement parks, museums, tourism trips (scuba, rafting, tours)
-sports leagues - professional and recreational, club level
-cleaning services - businesses, houses, cars
Sorry to sound insensitive but many of those careers should and will be automated soon. Hopefully this shows youngsters the value of graduate school in STEM, Law, Medicine or so on.
I was always told to â€śbe the talentâ€ť and they canâ€™t lay you off.
People here might not want to hear this message right now but Iâ€™m sure as hell sharing it with my kids, nieces and nephews.
If anything, the coronavirus is showing how useless a lot of middle-class and white collar workers actually are. Even those with those degrees (medicine clearly an exception right there).
With everyone in lockdown the priorities become clear - food, water shelter. As well as the essential jobs to manage those needs - power, telecommunications, waste management, banking, (some) manufacturing, etc.
Those are the basics we need to be healthy, functioning humans. Everyone else that falls into the supply chain for consumer goods (marketing, advertising, distribution, r&d) has been rendered useless with a slowdown on the necessity for those goods. Will humanity fall apart if we don't have a n r&d team developing the next gen iPhone which offers the end user f-all improvement on their actual life in comparison to any iPhone from the past 10 years? No. As long as a population has all those basic needs above met, the stock market and financial sector could completely disappear and we could continue living and existing.
In the end, you might consider yourself "the talent" with a degree like that, but there are services that are critical to humanity which are far less appreciated. You don't need a degree to become a garbage man, but when they stop coming around you quickly realise how much more of a crucial role they play to society than what more than half the world does. Professing that only STEM, law and medicine degrees are of value is part of the toxic undervaluing of the actual critical services. Think about how many LPNs are out there right now helping save lives and they're only on $50K a year. Even if they want to move up the ranks, there are only so many roles available above them.