Originally posted by JuJuman:[..]
I think the problem is that social distancing works, but it’s extremely costly. 6 months down the line it will be a social disaster, with millions of unemployed etc. I hope I’m wrong. But GDP is falling 30% or so. Unemployment here in Austria has gone from 4 to 14% in three weeks. Schools for smaller kids — Kindergartens, elementary schools — are all closed for the foreseeable future.
Here’s the problem as I see it. We can avoid massive death tolls. But at the cost of freezing the economy. It’s not because the curve is going down that we’re out of the woods. Start normal life again, and the Italy / NY specter is right behind the corner.
Life will have to be abnormal for a long time. We’re getting used to looking after our small children in turns and to working every other day. Who knows when Kindergartens will be open again. And good luck to us working a full time job while looking after the small kids...
I could see a "new version" of the economy opening up here in a couple of weeks where the distancing is respected. Guess the other healthcare will be first, then more regular work settings, then stores/restaurants with strict guidelines etc.
Big festivals or concerts I don't see happening here untill the fall (at least)..
