31–40 of 196 posts
Earlier quoted context omitted.
Indeed. And what are net economic losses? I'm guessing that it's somewhere between 100 and 1000 times that. Edit: Sorry. Make that 10-100 times greater.
Exactly. Every company in the world could save money on electricity by shutting their data centers down too.
~$1/resident/day sounds a lot less impressive
will US learn to be less car-centric after this?
Earlier quoted context omitted.
I’m also expecting some long term after-effects that will increase diabetes and heart disease as most people are locked up.
non-essential procedures and doctor's visits have also been cancelled, and some medicines are now rationed also. Both will have a negative impact on the health of some people. I personally had a month long series of treatments scheduled that got cancelled, and now I have no idea when I'll be able to get that treatment. Better than dying from the virus, though.
Earlier quoted context omitted.
0.5% of GDP isn’t nothing! Wow!
> 0.5% of GDP isn’t nothing! Wow! Are you saying that you disagree that California losing 500% of its GDP seems impossible?
The sheer number of n'th order effects of this crisis might just mean that most of the economic pain is in the long, fat tail spanning decades into the future.
Amortize that cost as irreversible economic damage and it might be implausible, sure, but not inconceivable.
will US learn to be less car-centric after this?
But perhaps those who are able to WFH are getting a glimpse of what it can be like.
will US learn to be less car-centric after this?
will US learn to be less car-centric after this?