[email protected]+ Your Authors @Jason I'm the angel investor who backed @uber @thumbtack @wealthfront @datastax @robinhoodapp @desktopmetal & @calm 3 years before you became addicted to them May. 14, 2020 1 min read + Your Authors

An unemployment contagion has started

Stimulus must start on Mainstreet & be sustained for workers--NOT giant companies that didn't manage finances properly (ie airlines)

Unemployment must be extended & raised. People who made $800-$1.5k a week can't get by on $400 (more)

What I'm seeing inside of small & mid-sized companies is SCARY

The economic collapse has moved from retail workers & waiters on to high-paid, white-collar workers (think Airbnb), & those workers, in turn, hire childcare, go on vacation, hire tutors & go to restaurants obviously

the unemployment contagion has started, with laid-off white-collar workers with 3-9 nine months of runway saying "I better cut all spending in case I don't find another high-paying job"

This result? MORE waiters, domestic workers & retail workers losing jobs--it's acute now.


You can follow @Jason.



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