How has the delay in unemployment increase affected your spending as a business owner?
Answered by:
Not at all. I work from home and have for years. I own out right my business. An since the craziness working online has made even more sense. People are shopping online more and more. Staying up with what they need and want keeps my business busy.
1 Reply
Christopher Cooke
from The Mailbox Shipping & Receiving
And THAT my friends is the real answer! If your little business cannot compete for employees because they are making more on unemployment then your business may be best suited for a owner-operator set up. The reality is that we have not even truly felt the brunt of just how bad the economy really is. Our economy is a total wreck! The stock market is not representative of our REAL working economy. People with money will just shift stocks to the ones that endure through times like this. So many people NOT having an income does not mean the banks, landlords, credit card companies, essential service providers, food services, farming, insurance and utilities still expect and when they can demand their payment.
David Vega
from Tridence: Digital Marketing | Trusted Brand Partner | SEO | AI Solutions | Intent-Data Lists
I can't entirely agree. The economy is not a total wreck. It's solid. The reason why we will bounce back quickly as a nation is that our state of unemployment was not caused by a lack of jobless growth economy on points, but a purposeful systemic shutdown from big cities' mismanagement, which resulted in our current state.
Businesses can't survive if governors are shutting you down with baseless requirements. Thus, created the unempoyement crisis within their own states. What is happening now, is a transformation in how corp business will now operate. Reducing size in property and reducing staff by combining alt methods in remote and office. Once states fully open up the cities, unemployment will decrease.
The other main issue I see coming will be housing market. Right now, the past 6 months, renters have been getting a free ride while landowners are getting squeezed without any aid or protections like renters (since you can evict, yet). Once this expires, homelessness will occur. Since Landlords will have no choice but to evict, as they need income to pay their mortgages and taxes.