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(AP News)   A new poll says many in the US won't return to the gym or dine out again, because what's one without the other?   (apnews.com) divider line
    More: Followup, Unemployment, Economics, President of the United States, Economy, Vice President of the United States, Economy of the United States, President Donald Trump, United States  
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293 clicks; posted to Geek » on 22 May 2020 at 11:06 AM (3 days ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



13 Comments     (+0 »)
 
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3 days ago  
The idiots who think this economy is going to just snap back are delusional

We are looking at 10-15 percent unemployment at least through end of year
 
3 days ago  
A crazy thing about the restaurant business is how many within the restaurant business spend a great deal of their money patronizing other restaurants. Of course they can't afford to do that when they have been out of work for so long and thus that whole self-sustaining aspect of the restaurant economy is going to be slow in getting going.
 
3 days ago  
I pledge to not go to one of those things.
 
3 days ago  
FTA:

"The majority of those whose household suffered a layoff still believe they will return to their previous employer, but the share expecting their job will not return has risen slightly over the past month, to 30% from 20%."

That's...not exactly a slight rise, AP.
 
3 days ago  
I canceled my gym membership. Yes, COVID is a concern, but I've been looking for an excuse to never go back. Pandemics are the perfect excuse.  My local Y is a sh*thole anyway.
 
3 days ago  
My cooking skills have improved dramatically in the last two months, I'm saving money, and I've dusted off the treadmill for those days I don't feel like running outside.

Good riddance.
 
3 days ago  
I think the Fark headline is a bit misleading.

It reads as if people are never going to return to restaurants, whereas the actual article says "next few weeks." Yes, the article also talks about people who lost their jobs, but still neither means that people aren't ever going to go to restaurants again.

Of course it makes sense. I would love to go get some sushi, but not going to do that until things whole thing is over. In my mind there's 0 chance it will be over the next few weeks. But I don't think it will last forever either.
 
3 days ago  

finnished: It reads as if people are never going to return to restaurants, whereas the actual article says "next few weeks." Yes, the article also talks about people who lost their jobs, but still neither means that people aren't ever going to go to restaurants again.


One thing i learned when i was doing a lot of business with restaurants is that most of them dont have more than a couple weeks savings cushion.

Yeah, its dumb, you should always have enough saved up to survive a slump of at least a month or two, but thats restaurant owners for you.
 
3 days ago  
In the absence of a cure, effective treatment, or widespread testing that can identify and contain outbreaks proactively, how can life get back to any kind of normal?  It is insane that this is hardly a part of the national discourse.
 
3 days ago  
So I don't have to be at Taco Tuesday in 26 minutes?
 
2 days ago  
chewd:
Yeah, its dumb, you should always have enough saved up to survive a slump of at least a month or two, but thats restaurant owners for you.
They say that to individuals too, yet so many people live paycheck to paycheck. I'm not really that familiar with restaurant business, why are the profit margins so low though and why is it so hard for them to survive even in good conditions...
 
M-G [TotalFark]
2 days ago  

finnished: They say that to individuals too, yet so many people live paycheck to paycheck. I'm not really that familiar with restaurant business, why are the profit margins so low though and why is it so hard for them to survive even in good conditions...


I think a lot of it has to do with most restaurants being a commodity.  They're taking the stuff Sysco delivers, cooking it, and serving it.  Same as the other three restaurants in your strip mall.  Unless you have something to really differentiate yourself, price becomes everything, so you can't raise your prices.
 
2 days ago  

Visual Howlaround Title Sequence: The idiots who think this economy is going to just snap back are delusional

We are looking at 10-15 percent unemployment at least through end of year


Yup.  Enough people are going to be avoiding risk that we simply won't have anything like the level of nonessential business that we normally have.

If the government really wants to get things opened up the focus should be reducing risk--in public, not doing something that precludes a mask (eating, drinking, swimming, receiving dental care etc) and you should be required to wear one.  Say $1000 fine for the first offense, doubled for every subsequent offense.
 
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