These are trying times… with the COVID Lockdown at large. Families bunker down, some surviving with no income. Many are stressed. Too many pressing concerns, worried about the future.
In a time of COVID Lockdown, we cannot expect the Economy to allow everyone to make money and thrive. Even business owners are all shutting down, claiming bankruptcy. Lack of sales, high costs of staffing and overheads… all lead to unprofitability. “Can’t feed all these people… have to shut down.” Some business owners mortgage their homes to get income to sustain their businesses through hard times. There are just not enough sales… many businesses are dying.
Some people say the only sure way to survive is to have an iron rice bowl — a stable job. “Let the business owner die… We the staff shall survive.” :p All the self-employed are also feeling the strain… no customer calls. Don’t know what is happening with the economy… just no sales.
As COVID Lockdown is in Force, it is natural for sales transactions to halt. When people exchange money, often they also meet face-to-face… and that facilitates the spread of infection. So if we try to curb infection from spreading, retail transactions will also be slowed down. Then the death of businesses is a natural phenomenon.
Governments, what do you think you can do about this? How can you help businesses sustain through COVID Disaster? Businesses are even afraid to Hire Staff because that would add to operation costs. Businesses get poorer, they can’t afford to hire staff — people get poorer and more desperate to survive. This is a real economic disaster, you know?
I suggest taking a serious look at this economic survival problem for people and businesses. You need to activate your Think-Tank. Pull Out the Big Guns of Economic Revival. There are Geniuses who can help you with this. But you must make a serious examination of the problem. It is vital for the survival of the population.
How can we help people and businesses survive the dying economy in these times of COVID Infection Pandemic?
Lancism.sg : Wisdom For The Singaporean
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