“We find three new hires for every 10 layoffs caused by the shock and estimate that 42% of recent layoffs will result in permanent job loss,” writes Jose Maria Barrero, Nick Bloom and Steven Davis from the Becker Friedman Institute at the University of Chicago in a working paper titled “COVID-19 As A Reallocation Shock” published on May 5.
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If it's actually true that there are only 3 new hires for every 10 layoffs still here in the first week in August 2020 then the country is really in for it regarding evictions and homeless people who still need to eat food.
Someone was telling me that some areas of the country are putting off evictions to December but I was thinking that "would you want to be evicted at Christmas time?" Wouldn't you want to be evicted now so maybe you had somewhere to stay so your weren't freezing to death being evicted at Christmas, wouldn't you?"
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