by Zero Hedge Mon, 11/23/2020 – 20:00
Remember back in the old days of, say, 2019, when anyone who talked about microchip implants, Americans being forced to show travel papers, and re-education camps was thought to be a crazy conspiracy theorist? And then 2020 rolled around and voila! It turns out those conspiracy theories weren’t so “crazy” after all.
And I’m not just talking about the government releasing info about UFOs.
We’re living in a time when someone will attempt to beat the crap out of you, burn your house down, or even kill you if you voted for the “wrong” presidential candidate. We’re being subjected to curfews, our movement is restricted, and our businesses have been forcibly shut down. One day, people will look back on this as the year that everything changed – or depending on how Americans respond to the mandates – the year we finally said enough.
Here are seven things that were considered crazy conspiracy theories…until now, when they’re becoming far too real.
#1) Universal Basic Income
Did you ever really think we’d live in a country where the government would tell private business owners when and how they could operate? Where workers would be told, “You can no longer go to work for your own good?”
Well, welcome to 2020.
22 million jobs were lost and only 42% of those were recovered by last August, when the country began to reopen. Millions of the lost jobs were permanent losses, as businesses across the country fold under the weight of the restrictions that either don’t allow them to operate or the money problems of their former customers.
“It’s clear that the pandemic is doing some fundamental damage to the job market,” said Mark Zandi, chief economist for Moody’s Analytics. “A lot of the jobs lost aren’t coming back any time soon. The idea that the economy is going to snap back to where it was before the pandemic is clearly not going to happen.”
…More than 10 million Americans are currently categorized as temporarily out of work. But historically, nearly 30% of people who tell the Labor Department that they are temporarily unemployed never get their job back, said Heidi Shierholz, senior economist at the Economic Policy Institute, a liberal think tank.
“Even though we don’t know if the historical record will hold in this case, it’s an extremely valid concern that not all of those people are going to get called back,” she said.
People who are counting on businesses reopening their doors may be surprised to find that a temporary loss has become permanent one, said Zandi. (source)
Of the businesses that have closed, many will never reopen. Most harshly affected were small businesses.
About 60% of businesses that have closed during the coronavirus pandemic will never reopen, and restaurants have suffered the most, according to new data from Yelp. (source)
So we have not only people who became unemployed, but we also have business owners who’ve lost everything. As we go into the second round of lockdowns across the United States, it’s not a stretch of the imagination to think that some of the small businesses that have thus far managed to stay afloat will succumb to the economic effects of these mandates…taking with them even more jobs and plunging even more people into poverty.