The Governor just came out and stated that we have over 4 million people out of work here in California. That is a massive number. During the great recession we had about 1.3 million people out of work in California, so it is more than 3 times worse. Also, the jobs lost in the great recession were over a period of years. We lost all the current jobs in about 2 months. What impact is this going to have on the future? It all depends how quickly people get back to work. If things go back fairly quickly and smoothly, the impact will be hard, but it will pass in a few months. But, what happens if most jobs do not come back? What if the "temporary" job losses become permanent? Wow, things will get scary if that happens.
What do you think?
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