With hyperinflation. Most businesses won’t be able to afford the imports to produce their product let alone afford to be anyone a living wage. Most medium to small businesses will shut their doors and lay off all their employees
Also, hyperinflation destroys the buying power of the currency; very few people will have "disposable" income and many will have NO income at all, so almost any retail business will suffer. Who's gonna go out to eat, or buy a new anything when prices are 50X higher than last month and income is stagnant or completely gone?
Exactly. This is my concern as we've never had disposable income with 6 kiddos, one income, but we are frugal, and have a mini farm/Homestead, and 80 acres hunting ground, and we have prepped to some degree. Hubby's work is finally picking up after almost total shutdown since late Nov.
Why high unemployment?
With hyperinflation. Most businesses won’t be able to afford the imports to produce their product let alone afford to be anyone a living wage. Most medium to small businesses will shut their doors and lay off all their employees
Also, hyperinflation destroys the buying power of the currency; very few people will have "disposable" income and many will have NO income at all, so almost any retail business will suffer. Who's gonna go out to eat, or buy a new anything when prices are 50X higher than last month and income is stagnant or completely gone?
Exactly. This is my concern as we've never had disposable income with 6 kiddos, one income, but we are frugal, and have a mini farm/Homestead, and 80 acres hunting ground, and we have prepped to some degree. Hubby's work is finally picking up after almost total shutdown since late Nov.