The people who actually spend money the most are the lower 50% of Americans. People who are above the 50% don't tend to spend much but instead invest their money so it will work for them instead of spending it which is why they are in the upper 50% of the economy whereas the lower 50% of income spend everything they make and often don't save anything at all but this also allows the economy to go on okay.
So, the Senate not passing any help on to the lower 50% in the form of unemployment compensation is destroying the economy. Why?
Because things are not being imported or exported they way they were before coronavirus. So, most things are going to be made in the U.S. now that people tend to buy. And most of the money being spent is by the lower 50% of the people. So, if they don't have money to spend then larger businesses could be harmed all across the nation and smaller businesses might be forced out of business too.
So, the pain of loss of jobs of the lower 50% in income is going to affect everyone likely during the next year in one way or another. The pain will travel up the chain to smaller businesses and then to larger and larger businesses during the next year and a half until the coronavirus might start to fade as a problem (at least in the U.S.) by March of 2022.
The later a country was hit by bad cases of coronavirus the longer coronavirus is going to be a problem in that country worldwide.
But, it is my belief that by March of 2022 that Europe, Canada and the U.S. might move out of the danger zone in regard to coronavirus.
But, they might be reinfected with a more virulent strain of coronavirus from later hit countries at that point too. There are many unknown variables here at this point.
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