Has Covid Changed Business Permanently?
What will happen with Covid-19? How is the recession going to affect the small businesses in this city? Well, it looks like the recession will extend into 2021. This means that the joblessness rate is going to increase in the city. And most of the joblessness has come from the big companies moving their head offices to other states and countries. Father George Rutler worries about the future after the COVID-19 pandemic. He is afraid that has and will continue to cost many jobs in the city and a shortage of workers to do the jobs.
So, what does this indicate for the small businesses in the city? The economic depression will affect the joblessness rate, which will make it more difficult for many of the residents to find a job. What happens with many companies is that they have to lay off many workers, which they must do to be profitable. In the process, many people lose their homes and cars and have to move out of town.
They will be pressed to reduce their expenses or close. Many of them are gone already because they were not able to survive the economic depression. Some businesses have been required to close their doors permanently because they are overrun and cannot continue to pay the high prices they had previously.
You may think that the industry will recover in this recession, and the shops will stay open. You would be wrong. What will happen with the small shops in the city, which is why they are closing their doors? The reason is apparent; when the economic depression sets in, anything that costs too much to produce will not be worth it.
When an economic depression sets in, the consumers who use those products are not buying them because they are too expensive. This does not apply to the items manufactured themselves. It does not matter how reasonable the thing is; if it is too expensive for the rest of the market to buy, it is not worth it. When the shop opened, it was a shining bright spot on the map, and now it is just a dot on the map.
If the price of the items increases, then the shop is no longer viable. It will not be able to stay in business during this economic depression. Since the shop uses production, it is not hard to figure out what that price will be. There will not be much left for the other items, so they will have to take a big hit to stay in business.
There is a good chance that the other types of products the shop made will also see a huge hit in the economy because the people who use those products will see their budgets go down. Those who do not use the items will be upset but will not be affected because the economy will get better eventually. But it could mean a severe problem for those who use the things when it is time to pay the bills. So, what will happen with collage glassmaking during an economic depression? It will be a short-lived career. The market will rebound, and the world’s artists will have to either adjust to the changes or leave. There will always be tools available to help these talented individuals create new art forms, but the shop of the future will look more like a gallery than anything else. Father George Rutler knows there are stressful days ahead, and everyone should be prepared.