People are talking about a recession, but honestly, it feels more like it might be headed straight for a depression.
Two weeks ago the transportation company I work for was thriving. On Monday they laid off half the workforce and pulled more than half of their vehicles off the lot and the insurance.
Small businesses will not survive this. Or only a few will. Most transportation companies are facing full on collapse in 30 or so days. They carry a debt load on their fleet, not to mention the insurance and payroll. Our company is in a better position than most because we don’t carry any debt but it’s just going make us last a bit longer. Because without any income you cannot run a business.
Today I wondered what I would do differently if I were in charge of running this disaster. And I think I would have focused entirely on high risk people. Just make older people and people with pre-existing conditions self isolate. Set up ways and means to support that isolation with food delivery and medical care and whatever support was needed. But stopping the entire world when it seems like 97% of the sick are not going to feel any worse than having a cold, seems like we went at it wrong.
Of course, I’m not a public health expert. I have no real knowledge on the spread of sickness and it’s consequences. It’s probably a pipe dream to think it could have run it’s course mostly avoiding the at risk and giving the rest of us a cold to complain about. But, if any countries are doing that, I would be interested to know if their outcomes are better/ worse on mortality and economy.