News · moment 21 of 27
Reopening the Economy Requires Schools Reopening First
from #195 - Take Me To The Moon | The Tim Dillon Show · #195
2 min
News
Tim discusses news that companies like Chrysler and Tesla plan to resume production in May, arguing the real bottleneck to reopening is childcare since parents can't work without schools open.
- Schools reopening is the prerequisite for the economy to reopen, because parents need childcare before they can return to work.
- Chrysler and Tesla plan to restart production on May 4th, taking precautions as they bring factories back online.
- Demand will snap back immediately in dentistry, haircuts, healthcare, and barbershops due to backlogs, but restaurants and bars will see gradual recovery.
- Big purchases like cars and homes won't return immediately; people will avoid large financial commitments if possible.
- Companies like Goldman Sachs don't care if people die and are rushing employees back regardless of safety concerns.