agip wrote:
L L wrote:
Last year 13.5 million Americans worked in a restaurant.
So, it sucks for quite a lot of people.
https://www.statista.com/statistics/203365/projected-restaurant-industry-employment-in-the-us/#:~:text=The%20number%20of%20people%20employed,million%20as%20of%20May%202019.
Now think of hotel, leisure, sports and concert stadium workers, etc.
Well I didn't really want to go there, but restaurant and hotel workers are a low-paid lot...losing their incomes isn't a fatal blow to the economy. They'll get unemployment and will struggle on.
The white collar people and government workers make the bigger money and have the disposable incomes...the key is getting them to spend it. Which is a real challenge because they tend to spend it on restaurants, entertainment and travel. Little of that is happening now. That's the bigger problem than losing low wage workers.
I'm speaking in terms of economics, not morality or ethics or equality. It matters a lot that low wage people will have even lower incomes. But it doesn't matter as much as some think, in terms of the bigger economy.
In times like this, it's the moral and ethical questions that really matter. Government assistance has to go to those who need it most.
Get money in the hands of the lower classes. They will spend all of it. That's a better way to boost the economy than trying to cajole white collar people to spend more.