03-12-2020, 11:14 AM
(03-12-2020, 10:48 AM)TheLeonardLeap Wrote: NBA suspending their regular season is like a tree falling in a forest with nobody around. Does it make a sound?
Nobody cares about college basketball until March and nobody cares about NBA until the semifinals of the playoffs (when there's no longer more than 50% of the league in the playoffs).
(03-12-2020, 11:06 AM)Vas Deferens Wrote: tell that to the vendors and arena staff working part time to try and keep food on their kids plates.
but don't fret. daddy will rub your back.
Yeah, there are a lot of indirect impacts economically that are going to happen. For instance, local businesses in all these college towns where schools are telling students not to come back are going to take a big hit. Parents with children in K-12 schools will have to be concerned about child care when they otherwise wouldn't have to and if they are free/reduced lunch, now they have to pay extra to feed their children. Employees in food service and the hospitality industry will likely go without much pay because they rely heavily on tips and without them will see their income drastically reduced (or cut off entirely if there is not enough business to have them on the shifts).
I don't care much about the stock market because that is really just rich people getting richer and it isn't directly correlated to the economy. However, this will cause our GDP to shrink.
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR