Topic: Business / private sector is dead - page 5. (Read 1043 times)

Though the economy is slowly recovering because of the less restriction for business and establishments, there are businesses (e.g restaurants and bars) who chose to permanently close due to losses of not getting profit anymore because of the pandemic. Lack of customers are the reason, as I can see here the most affected are the drivers of public transportation since there's a limit for passengers which means less income.

You are Such a low skill kind of freelancer and business participant if you do not know such a rule as "waiting is better than losing". All now prefer to wait for the first calls of the economic growth and not going to push ahead bringing additional losses. If you don't understand that, I'm sorry. Don't start a panic in a place where they are already doing a great job without you.

Those countries that are starting to recovery on their economy can have those businesses back open again. They may not be at the same time but a little by little and coming from the most essential to the least essential business to re-open. Like the example you have mentioned, taxi drivers. In my country, they were back at business but with proper protocols, sanitizers and as much as they can, cashless payment for easier payment. And you being a freelancer, I hope that you can recover back because you've got a lot of skills to offer.

small and big business are in the same situation now so why call small business dead ? just because they earn small   ?  but they also know how to save and for sure they have a savings now that help them sustain thier living  .

calling business are dead seems bad to my ears but it would be better if we call them temporary close for now not unless you guys believe that this covid virus are going to be permanent thing in the future and on the current situation  .

Where do you live, really? Where I live, the situation is following: Everyone says that corona affected them and are poor right now but life around you seems different: Dozens of people in clubs, restaurants are sometimes out of delivery necause of high demand,  supermarkets and hypermarkets are busy as hell like in past. Food and everything become very expensive but still it feels like there was no corona (well, musts are strictly required). And I want to mention that most of the business was absolutely stopped for 3 months and ten days ago were GYMs open, this is the only business that suffers in my country right now.
And online business? Hell, there was huge demand on it, online business is booming along with developers getting rich in current situation.

If you were referring to big businesses, they were actually not dead and it is somehow impossible to just happen that instant because owners of big businesses are really that rich people already. It is just that their businesses are down for a while now and they are just waiting for a go signal from the health officials and the government so that they can do operate already. Not just for their own sake but for the workers as well since business establishments are the ones who were making job opportunities for lots of people around.

Actually those business owners are doing negotiation with the government and the healthcare officials to open up their businesses to be operational and so that their workers can now get back to work to earn and save money for they have already been staying at home for a couple of months because of the quarantine doing nothing and earning nothing in a 'no work no pay' basis. Good thing that here in my country, our government and healthcare officials now allow business establishments to open up and be operational but on a limited working capacity only just to still execute the physical distancing under the "new normal" set up.

If you were referring to small businesses, well I think possibly some or most of them are dead due to the reason that owners did not come up on earning anything during quarantine and they were the ones that is directly affected on the temporary closing that turns out to be permanent because of the quarantine.

He do make generalization on just seeing on a smaller scope which is actually a wrong thing.Same as yours i dont see that theres already a low demand into these kind of professions or skills.
For now where online works and jobs is much more relevant then i would rather see the opposite way which demand is getting higher since there still lots of jobs that should be done via online with specific skills needed.
All of those skills which mostly connects with development,designing and others will really still have that number.It isnt dead he do just generalize without looking on the bigger picture.
When it comes to overall industry then we cant really deny the fact that we do face off a very big and tough challenge.

It's true that much of the revenue from small businesses has been drastically cut.
The plan to save the economy has mostly so far favored large businesses to survive and thrive. Large businesses can nevertheless can survive from the mere promise of the government. They save themselves from bankruptcy by going in debt. But that's not something small businesses can do. If you earn nothing, you can't pay electricity, water, staff etc. So you have to shut down and move on. No earnings if you're closed, all the risk is in you. You can just get your government check to survive, not much more.

Not sure about the High tech, web development and other IT stuffs you are talking about is actually true. I mean, they are currently the most demanding jobs. Countries are importing people from other countries due to lack of workers on such fields. You will see Canada, Germany and other well developed country are in need of such people due to high demand for these skills but less skilled people.
You are probably looking at the wrong side.

This is also why most of the government around the world is slowly reopening the economy to prevent a business becoming non-existent. As of now I've already seen some complete closed business, some are on the verge of closing coz their products are not that needed today. Just today I saw one of my childhood memory park and a Zoo closed due to the pandemic, they cannot keep up the expenses well obviously because of absence of tourists. We can't really stop the business closures, we know it is efficient to stop a business when it's not working anymore, but new opportunities has come brought by the pandemic.

Online market is booming, they really do, in fact most business now are working online. If they want to survive then they should adapt the environment, that's the first way to survive these days not just with businesses actually. ADAPT.

And that all because of covid 19 pandemic. Everything has change and every people's lives getting worst everyday and the unemployed person keep on increasing because market is down and our economy are going to collapse if government will not do something.

It is not that easy to find another job nowadays, most of the businesses are also struggling. But it is much more effective if someone will make his own business just for him to have an enough budget for his necessities during quarantine. You can't please someone to hire you that easy, you also need to do extra effort and consistency.

We had no choice but to deal with this crisis, that's why it feels like it is a survival of the fittest. You also need to follow those protocols to while working and dealing with outside environment for you to prevent those diseases to infect you.

This is not what we should concern ourselves with presently

We should better hope that the vaccines will be effective in the first place. And with this type of virus, which is highly mutable, a separate vaccine may be required for every strain, with the implication being that there will be no working vaccine, by and large. That's not a good news. Other than that, personally, I have no doubts that if there will be a 100% working vaccine (despite all odds), it will be made available to everyone very cheap or or at no cost at all for the simple reason it is an economically sound solution

There has been a lot of news about vaccines that have been discovered and have been tested but I don't know whether this will be distributed in mass or not, but it is clear that just hearing the word vaccine is better for ending this pandemic.
Business in the private sector will never die, they will continue to try to get up despite the difficult circumstances, but with the risk that occurs, they reduce the workers so that their business will continue, believe this pandemic will disappear in the near future, so in any field of business it will return to normal as before.

Yes. What is happening today is just the result of covid 19 and for sure, everything will be back to normal again once this pandemic is over. Most of the private sectors nowadays have been very much affected seeing their sales are experiencing decline but this doesn't mean that private businesses are already dead. They are just facing tough times today and they will still be standing again after this pandemic.

The market economy has been and will always be cyclical, there are highs and lows, we are not in the best position at the moment regarding the COVID situation, so I would not say that the private sector is dead. There will still be times when people will be happy to spend his money again

There is slow movement in the business compared to the months before pandemic. In USA there isn't much restrictions, because the ultimate goal is to stand high in the economy. Rest of the countries focus on tackling the situation and slow down the loss of lives.

It is true that lot has lost their jobs, software firms have given support to work from home as no one is sure when the situation will come to normal functioning. In some countries the scenario is worse with people suffering to get food. Let's hope for the best as vaccine for covid-19 is being under test in different parts of the world.

Same story everywhere you look, not just the EU. This is the nature of bailouts. They are distributed completely unevenly and they create economic winners and losers. In the US, it's clear to me that the people who are receiving stimulus funds in their various forms are overwhelmingly not the people who need them most. In a cruel double whammy, this serves to widen the existing chasm dividing the lower and middle classes:

The virus makes things possible, there's no vaccine yet so probably we can't do nothing and in case things got much worse expect
that this will take place, we are all embracing technology and there's a lots of digital money which are existed and can be used as
alternatives, cashless are really booming as this virus are helping them to be more effective than using physical money.

That's the worst situation in the future, your money will be a toilet paper, I think I can't accept that.

Sharing is caring, so thanks for the information, I will not ask anymore on what country you are living as I know every country suffers with this virus than until now there is no vaccine yet, hopefully our economy will recover soon and hopefully the vaccine will be out, if not, I'm afraid the worst scenario will happen.