I get what you're saying here, and I respect the fact that you were able to pull yourself up by your bootstraps, literally.
Depending upon where you get your numbers there are 18-31 million unemployed right now. Some of that will be solved by brains -- people who can find niches and what not. But with a 1/3 of the renters who won't be able to make the August check, that's just a bunch of people who can't afford to spend money at all.
So demand is purely in the trash right now.
So the question is, if you could get 18-31 million people in gig positions, what would happen?
Well for one thing the pay would be low, because the supply for labor (unemployed people) would be more then plentiful to meet current demand.
E.g. How many uber drivers do we really need right now? And if you doubled or tripled the amount of uber drivers what happens to the income for one uber driver? That would drop by basically by 1/3, as more uber drivers compete for the same amount of rides. And more and more uber drivers are willing to take less money for the same effort.
The result is you have an uber driver making less income and less willing to spend money. And that starts a vicious cycle. More and more people not willing to spend, more and more companies laying off individuals.
That continues until we hit a bottom, which we may or may not have seen yet, given the massive amounts of evictions coming as of today.
Depending upon where you get your numbers there are 18-31 million unemployed right now. Some of that will be solved by brains -- people who can find niches and what not. But with a 1/3 of the renters who won't be able to make the August check, that's just a bunch of people who can't afford to spend money at all.
So demand is purely in the trash right now.
So the question is, if you could get 18-31 million people in gig positions, what would happen?
Well for one thing the pay would be low, because the supply for labor (unemployed people) would be more then plentiful to meet current demand.
E.g. How many uber drivers do we really need right now? And if you doubled or tripled the amount of uber drivers what happens to the income for one uber driver? That would drop by basically by 1/3, as more uber drivers compete for the same amount of rides. And more and more uber drivers are willing to take less money for the same effort.
The result is you have an uber driver making less income and less willing to spend money. And that starts a vicious cycle. More and more people not willing to spend, more and more companies laying off individuals.
That continues until we hit a bottom, which we may or may not have seen yet, given the massive amounts of evictions coming as of today.