Economy 52,861 Posted March 23, 2020 Share Posted March 23, 2020 https://www.bnnbloomberg.ca/ontario-ordering-non-essential-businesses-to-close-1.1411005 Premier of Ontario (Canada's most populated Province) announced that All non-essential businesses in Ontario must close by tomorrow at 11:59 ------------- Great, now my dad the last working person in my household will now be unemployed too. So our family income will now be 0 (excluding the petty EI benefits ) Link to post Share on other sites More sharing options...
Economy 52,861 Posted March 23, 2020 Author Share Posted March 23, 2020 @OBEY my Province is joining urs Link to post Share on other sites More sharing options...
OBEY 57,109 Posted March 23, 2020 Share Posted March 23, 2020 4 minutes ago, Economy said: @OBEY my Province is joining urs The right thing to do ! Link to post Share on other sites More sharing options...
Economy 52,861 Posted March 23, 2020 Author Share Posted March 23, 2020 2 hours ago, OBEY said: The right thing to do ! That's still to be determined in my books If it only slows the spread marginally and the majority of the population still ends up getting it I'm not so sure the extreme economic pressure is worth it Cuz there's no way 2 weeks will make a significant long term dent on this virus. Any lockdown to actually make a big difference without a vaccine will have to be in effect for months If we get a depression like the 1930s and in the end 70% of ppl still end up getting it. I'm gonna be asking if it was really the right thing to do I'm still conflicted with this and not because I put economy above life but because I question how much it will really help and the fact that poverty kills too Link to post Share on other sites More sharing options...
OBEY 57,109 Posted March 23, 2020 Share Posted March 23, 2020 @Economy At this point most things were closed anyway (here in quebec). I think it all comes down to : do we close everything and yes take a big hit on the economy BUT with closing everything things will be over quicker or do we risk not closing everything to sustain a fraction of the economy but possibility making things go longer and in the end hurting more ? I agree with closing everything and trying to get it over with as quick as possible so we can get back on our feet after ! Link to post Share on other sites More sharing options...
Economy 52,861 Posted March 23, 2020 Author Share Posted March 23, 2020 8 minutes ago, OBEY said: @Economy At this point most things were closed anyway (here in quebec). I think it all comes down to : do we close everything and yes take a big hit on the economy BUT with closing everything things will be over quicker or do we risk not closing everything to sustain a fraction of the economy but possibility making things go longer and in the end hurting more ? I agree with closing everything and trying to get it over with as quick as possible so we can get back on our feet after ! I think it's the opposite actually Closing Everything does slow down the spread a bit so if anything it will make it last longer Ur argument would hold true if there was any hope of choking out the virus entirely with a lockdown but few experts think that's gonna happen. As long as a vaccine isnt here or until enough ppl have an immunity the moment lockdowns or restrictions end it will just spread again So a total lockdown actually extends the length of the problem not shorten it I think a complete lock down should be used more as a last resort when cases really spike and pose a danger to healthcare's ability to handle the cases But a total lockdown should not be the norm for months on end. That's not a realistically viable option unless a depression is what we want Link to post Share on other sites More sharing options...
ProdigyARTPOP 3,910 Posted March 23, 2020 Share Posted March 23, 2020 10 minutes ago, Economy said: I think it's the opposite actually Closing Everything does slow down the spread a bit so if anything it will make it last longer Ur argument would hold true if there was any hope of choking out the virus entirely with a lockdown but few experts think that's gonna happen. As long as a vaccine isnt here or until enough ppl have an immunity the moment lockdowns or restrictions end it will just spread again So a total lockdown actually extends the length of the problem not shorten it I think a complete lock down should be used more as a last resort when cases really spike and pose a danger to healthcare's ability to handle the cases But a total lockdown should not be the norm for months on end. That's not a realistically viable option unless a depression is what we want It is a viable option when it’s the only option you have unless you want community spread to occur or for your healthcare system to completely collapse, you don’t think it’s a good idea, or you’ve yet to see it work, but it’s what every other country is doing to flatten it’s curve, as of now it’s the best option we have and it’s what’s most effective. Link to post Share on other sites More sharing options...
Economy 52,861 Posted March 23, 2020 Author Share Posted March 23, 2020 16 minutes ago, ProdigyARTPOP said: It is a viable option when it’s the only option you have unless you want community spread to occur or for your healthcare system to completely collapse, you don’t think it’s a good idea, or you’ve yet to see it work, but it’s what every other country is doing to flatten it’s curve, as of now it’s the best option we have and it’s what’s most effective. If u believe that u kinda contradicted urself then Flattening the curve is literally spreading it out over a longer period of time and u said harsher measures make it over sooner My issue is more that a total lock down vs a partial lockdown will probably only have a marginal difference on the impact but the economic impact significantly greater We will have to see what happens If we end up getting a depression (I hope not but if we do) and the majority of people end up getting sick anyway and it doesn't help reduce death rate, I'm not gonna look particularly favourly on Governments... I just hope they can make that vaccine ASAP Link to post Share on other sites More sharing options...
Chromaticunt 5,529 Posted March 23, 2020 Share Posted March 23, 2020 Amazing to think that the governments of this world let this happen. Link to post Share on other sites More sharing options...
gumzy3000 7,901 Posted March 23, 2020 Share Posted March 23, 2020 I am kinda lost tbh. I am sure my company is non essential but we are able to WFH so .... what happens now? trolly troll troll Link to post Share on other sites More sharing options...
ProdigyARTPOP 3,910 Posted March 23, 2020 Share Posted March 23, 2020 12 minutes ago, Economy said: If u believe that u kinda contradicted urself then Flattening the curve is literally spreading it out over a longer period of time and u said harsher measures make it over sooner My issue is more that a total lock down vs a partial lockdown will probably only have a marginal difference on the impact but the economic impact significantly greater We will have to see what happens If we end up getting a depression (I hope not but if we do) and the majority of people end up getting sick anyway and it doesn't help reduce death rate, I'm not gonna look particularly favourly on Governments... I just hope they can make that vaccine ASAP Flattening the curve with this particular virus means that you keep everyone in their homes because we have no immunity and no vaccine for it, it means closing anything that requires a large amount of people present, and with this virus there’s no way to spread it out, because they are under the impression that COVID19 is going to attack us in waves, we’re currently in Wave 1, Wave 2 is estimated to begin in September/October when the winter sets in and Flu season does as well. Their objective here is to make sure our hospitals and healthcare professionals don’t get demolished by all of this. In that aspect you do have a point, we do suffer on an economic level, but regardless of what move we’d take, it’s either the economy collapses now or later. Link to post Share on other sites More sharing options...
AlexanderMagno 10,746 Posted March 23, 2020 Share Posted March 23, 2020 2 hours ago, Economy said: Great, now my dad the last working person in my household will now be unemployed too. So our family income will now be 0 (excluding the petty EI benefits ) Can't the government guarantee anything? Here, they say they will give money for the companies to pay 2/3 of the employees' salary. Link to post Share on other sites More sharing options...
ShayCristoforo 10,607 Posted March 23, 2020 Share Posted March 23, 2020 This is so wild. I'll need to be generating ROE's for nearly all our employees tomorrow. Not just wild, it's so upsetting. Get the pinot ready, because it's turtle time. Link to post Share on other sites More sharing options...
Economy 52,861 Posted March 23, 2020 Author Share Posted March 23, 2020 5 minutes ago, AlexanderMagno said: Can't the government guarantee anything? Here, they say they will give money for the companies to pay 2/3 of the employees' salary. In terms of people's pay what the Government has done is make it easier to qualify for EI benefits and they will be paying up to $800 bi weekly ($1600 a month) for laid off workers that don't qualify for EI Usual reasons for failing to qualify Include not working long enough for employers, working enough hours or working as a contractor so those ppl usually aren't entitled but now will be But in terms of the benefits themselves they are still capped at 55% of highest income up to a maximum of $537/week My dad after taxes makes about $1100 in take home pay so if he has to go on EI, his income will get cut in half My mom isn't working right now and I was laid off last month so we are a family of 6 and now no one will be working Hopefully we can qualify for the mortgage deferrals the government convinced the banks to offer but they have to approve people on a case by case basis Link to post Share on other sites More sharing options...
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