April 17, 2020:
Today I am reading about reopening the economy. President Trump gave the decision for this to the Governors of all 50 states. Each one has a different idea about what to do. I read a lot, but I’m not sure how to explain it yet. Right now, I’m seeking help from my dad, and he said that this is hard to understand, it’s complex, and I need to read more to understand it better. I have to fully understand and digest this before I can start writing about reopening the economy. All I know is that the closing of the economy was like a domino effect.
The domino effect starts in China. when China had the virus, people stopped going to China. Then pilots, flight attendants and people who work with planes lost their jobs. If people stopped traveling, tourist spots become vacant, so the people working there lost their jobs. People started staying home more, so restaurants started letting workers go. The same goes for Walmart, Gas stations, hardware stores, clothing stores, parks, etc. When those workers lose their jobs, they stop earning money and have to spend less/ wisely. That means stores lose more customers, which means businesses make less profit, and they let more people go. And the cycle repeats.
Now, I’m going to digest this further, and in the next part, I’m going to share my thoughts further.