It is the ECONOMY that may never recover. Here in Australia the Government has just decreed it will pay the employer of all people who have been stood down because of the virus (or who are in line to be stood down) $1500-00 per FORTNIGHT to be passed on to the employee, provided the employer does not dismiss the employee. This only applies to businesses which have seen a 30% or more drop in their income over the past three months. Their estimate is that the payment (fortnightly) will go to 6 million workers.
I guess there may be some companies that will “cook the books” to help alleviate their current payroll costs, but it is a bold move by the government.
The problem is, of course, that once the virus is overcome, it will take YEARS AND YEARS to recoup the lost capital the Government worked so hard to accumulate over the past 9 years (our first .surplus in 20 years).
I am 70 years old now, and my Superannuation and investments in shares have dropped about 50%.
All will be well if the market eventually recovers, but it may take 10 years, in which case I will be 80 and too old to really enjoy the rest of my life. Very depressing!
Thank goodness I have computer programming (and TWIT TV) to take my mind off things.