Originally posted by Big Blue Lantern
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The level of workforce participation has been very low since the Great Recession, because many people who lost their jobs then were too old to find new careers. That problem is occurring again, on a much larger scale. People who are too old to find work aren't defined as "unemployed" for very long because they don't receive unemployment benefits permanently, but they're certainly unemployed, aren't they?
You might want to get back to being a customer of Business A when this is over, but meanwhile that business can't afford to pay its rent, its suppliers its landlords or its employees. It's likely just going to have to SHUT DOWN, and the chances of its reopening are poor. Its owners, its employees, its suppliers and its landlords will have had to find something else to do. It's Humpty Dumpty, and it probably can't be put back together again, even if someone has the will to do that.
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