Replying to Avatar zeph

Wonder what that would do to unemployment numbers and Fed mandate for employment—perhaps resulting in “accommodative monetary policy” to combat the reduction in GDP? The analysis I saw showed a rough estimate of increased unemployment by 1-3% and a near term drop in GDP of $3-4 trillion.
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Dan 1y ago 💬 1

If the private sector doesn't replace these jobs, what does that tell you about the jobs?

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zeph 1y ago

I mean, the assumption is the private sector is more efficient and more productive, and there would be a lot of people to retrain and a lot of those jobs would shift into the private sector if the jobs were indeed essential in some capacity, but presumably not all.