its actually 80% service sector
but that service sector is not prodomenantly customer facing. its call centres and office stuff. which people can work from home.
americas '20trill' gdp is not even normal broad money but the derivatives and insurance 'balances' that are not actualy backed up by true broad money
so relax a bit about the economy. as long as people can guy a loaf of bread and a tin of baked beans. people will survive
trying to risk health to keep FIAT stable is foolish.. a nurse and an available hospital bed is worth more than a bank note
i would actually like to see a swing of people changing their jobs out of the 'service sector' and into the farming/industrial sectors and definetly get the number of medical staff trained up to buffer the needs should anything like this happen in the future
By all means, it will be really dangerous to prolong quarantine. Even if not a 80 % will be destroyed, but 40 % (half of all services), no, even 20 %. Such country will be doomed. That's fact.
But yeah, it would be good (in any country) if industry or agriculture will raise. But in reality it will be hard to happen, because if you lost your job and money, it's hard to do anything in big countries. Where do you get money for farm or a small workshop? Yeah, from nowhere :c
I entirely agree. We are staring at one of two things:
1. Get back to work, and let a few hundred thousand die - mostly people who would have died anyway;
2. Maintain the lockdowns/shutdowns and kill millions.
We are at the turning point right now. Get back to work today, or kill millions.
