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Old 06-28-2020, 09:55 PM
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Default Yelp: Local Economic Impact Report



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Updated June 25, 2020


"Of all business closures on Yelp since March 1, 41% are permanent closures."

"Our data shows the largest spikes of permanent closures occurred in March, followed by May and June, indicating that the businesses that were already struggling had to permanently close right away and the businesses that were trying to hold on, but unable to weather the COVID-19 storm, were forced to shutter in recent months."


https://www.yelpeconomicaverage.com/...ct-report.html
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Old 06-29-2020, 01:32 AM
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One of the silver linings of all of this is showing just how much our economy is non-essential fluff.

The question is....will the country toughen up and become more practical? or will all the non-essentials that got wiped out just sit around and wait for bailouts?
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Old 06-29-2020, 02:55 AM
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Those now unemployed workers in the "fluff" business were the ones propping up the Social security system.

Have cut my own hair twice saving about $50. 10 years from now when my checks stop I will need that $50.

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Old 06-29-2020, 08:35 AM
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Originally Posted by Aerindel View Post
One of the silver linings of all of this is showing just how much our economy is non-essential fluff.

The question is....will the country toughen up and become more practical? or will all the non-essentials that got wiped out just sit around and wait for bailouts?
Problem is the people that worked the non essential fluff business spent money at essential business.

Plus this has to screw up the supply chain. Bigger suppliers for the fluff also provided goods to critical businesses.

This has hurt everything and I know of a few critical businesses that failed. So there is no such thing as a fluff. Plus fluff is very opinion orientated.

Also every time I year non essential business I think about communist dictator saying we don't need more than 2 options. Why have the option for more in life if the basics are covered.
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Old 06-29-2020, 08:56 AM
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Originally Posted by Central Scrutinizer View Post
Those now unemployed workers in the "fluff" business were the ones propping up the Social security system.

Have cut my own hair twice saving about $50. 10 years from now when my checks stop I will need that $50.

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Good thing you would of had it + 10 years worth of interest then...
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Old 06-29-2020, 11:14 AM
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Supply and demand. When things pick up again, new fluff business will open to fill the void. People are always looking for a market niche. There aren't many now, but there will be.
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Old 06-29-2020, 04:21 PM
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Originally Posted by Aerindel View Post
One of the silver linings of all of this is showing just how much our economy is non-essential fluff.

The question is....will the country toughen up and become more practical? or will all the non-essentials that got wiped out just sit around and wait for bailouts?
I think one of the major non essentials are long commutes to the office. I never could understand why someone would want to work somewhere an hour from home. Especially when most of that time is spent crawling at 5 MPH.

Then there is travel for non essential meetings. I have worked for fortune 500 companies who were constantly bringing everyone to the head office for "team building excercises". I think they were trying to weed out drunks and folks who "don't play well", the latter who do most of the work. The former, well, were sometimes sucessful salesmen giving their livers to the cause.

They would spend ginormous money on these events, swanky restaraunts, guided tours, etc. Inevitably a big layoff would follow.

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Old 06-29-2020, 06:16 PM
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Problem is the people that worked the non essential fluff business spent money at essential business.

Plus this has to screw up the supply chain. Bigger suppliers for the fluff also provided goods to critical businesses.

This has hurt everything and I know of a few critical businesses that failed. So there is no such thing as a fluff. Plus fluff is very opinion orientated.

Also every time I year non essential business I think about communist dictator saying we don't need more than 2 options. Why have the option for more in life if the basics are covered.
All true...but it doesn't HAVE to be that way. Things will always adapt to what works for a given time. If our time becomes 'harder' with less ability to support fluff, business will adapt.
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