何毓琦的个人博客分享 http://blog.sciencenet.cn/u/何毓琦 哈佛(1961-2001) 清华(2001-date)

博文

Economics of the Pandemic

已有 2268 次阅读 2020-8-11 23:35 |个人分类:生活点滴|系统分类:海外观察

For those who request to be good friends please read my public announcement first.

Here are two examples of the economic impact of the pandemic that I did not realize before and they show how inter-connected are the economics of modern civilization.

  1. Restaurant workers. In the US. waiters in restaurant are not paid with minimal wages but at only 2dollars per hour which is basically nothing. Their livelihood depends on TIPS. But with no indoor dining and mostly take out business, these some 9 million workers face the problem of earning a living: Hunger and eviction became a big problem for most of these household. Employment benefits and temporary suspension of eviction regulation have all expired last week. But the Democrats and Republicans are miles apart from coming to an agreement on extension of these benefits. This is a crisis for a lot of people.

  2. College football started out as a simple sports program for students. But nowaday it has become a 4 billion dollar business for the schools. At big football school, the profit to the university are over 100 million dollars. Student players are really employees engaged in entertainment business run by the universities, and they are clamoring for unions to represent them. But whether or not there will be a college football season this coming September is in seriour doubt and the economic impacts to the univeristies are completely uncertain

The above are merely two examples of the myriad inter-dependence of the US economy on the pandemic and its impact on livelihgood of many citizens and organizations. As a retired couple with grown successful and independent children, we are shielded from such crisis. We pray our nation can come out of this problem/crisis as well as we can and hope.




http://wap.sciencenet.cn/blog-1565-1245995.html

上一篇:Two stressful weeks and we are a lucky couple
下一篇:More on being a technological dinosaur

2 许培扬 李升伟

该博文允许注册用户评论 请点击登录 评论 (0 个评论)

数据加载中...

Archiver|手机版|科学网 ( 京ICP备07017567号-12 )

GMT+8, 2020-9-30 08:06

Powered by ScienceNet.cn

Copyright © 2007- 中国科学报社

返回顶部