03-11-2020, 12:19 AM
(03-10-2020, 10:41 PM)2006alum Wrote: I'd be really curious if anyone on this board works in the payments processing industry. I suspect those folks have the best data on how much sales and transactions are down across various industries. Among me and my friends and family, expenses on Amazon, grocery/target/wholesale stores, drug stores, and local (within walking distance) corner-store type retailers have shot through the roof over the past few weeks. All other spending has ground to a halt entirely. In additional to the travel and entertainment industries, I'm especially concerned about all services-related industries -- who's going to get a haircut, pedicure, massage, or restaurant meal out in the midst of this? Those sectors comprise tons of our nation's small businesses, as well as workers who rely heavily on tips to make end's meat. A payroll or corporate tax cut will not solve any of their problems.I got my hair cut on Saturday. Only people there were me and the hair cutter. Not too risky.