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re: Are we about to go into a depression? Serious question.

Posted on 3/25/20 at 6:24 pm to
Posted by YNWA
Member since Nov 2015
6771 posts
Posted on 3/25/20 at 6:24 pm to
No. Job market/work force is different from then.
A great deal of people can work from home thanks to computers. Most of the jobs back then was manual labor.
Posted by Crowknowsbest
Member since May 2012
25902 posts
Posted on 3/25/20 at 7:46 pm to
quote:

A great deal of people can work from home thanks to computers.

Not enough to keep a modern economy humming.

In response to the idea that we can just pick up where we left off, that’s hopeful at best. Businesses can’t just suspend all their expenses and reopen a few months later. A lot of these jobs won’t come back for an extended period.
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