COVID-19 feels like Groundhog Day
COVID-19 is beginning to feel like Groundhog Day all over again for most of us. We are hearing the same messages of washing your hands, social distancing and staying at home. We’re also hearing so many conflicting facts that it is hard to discern what’s true and what’s not.
For example, a study from Los Angeles states that 50 times more people have COVID-19. Another study conducted by Stanford research finds that 50 to 85 percent more people have the virus. If this is true, does this mean that the majority of people are asymptomatic, that they carry the virus and won’t get sick?
The confusing and conflicting statements continue with the symptoms — who should be tested and what should the testing criteria include? All of this information is overloading and inciting fear into the general public. This isn’t helpful but hurtful. Considering all of this we now also have the federal government handing out money like Tic Tacs to people that make up to $75,000 per year and $2,400 to married couples making up to $150,000, with $500 per child.
We already have an insane problem with the virus impacting our economic system. Why would we pay money we don’t have to help people who shouldn’t require these funds? Why not assist only people who need the money by using the federal poverty level guidelines where a family of four earning less than 30K per year would receive the funds required during this economic slowdown?
The government also is giving small business loans to businesses that may not require repayment. This is a real balancing act. Are we just addressing a short-term issue while adding to the long-term issue of our national debt? (Not sure what the answer is, but borrowing money from future generations in the trillions may not be the way to resolve a short-term issue. I am not a believer in government bailouts and feel business owners should always plan for lean years during the times of economic upswing.)
The same goes for people who make $75,000 per year. If they haven’t saved at least six months’ worth of money in an emergency fund, they shouldn’t receive government funds to live a lifestyle that is beyond their means.
How we work was already changing, but since COVID-19, work from home has been pushed into hyperdrive, changing how businesses operate. The acceleration into a different business landscape will add new careers, but at the same time, it will eliminate current jobs. Nothing ever remains the same.