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 Originally Posted by OngBonga
Sure people will want a haircut. But will their usual hairdresser still be in business?
This approximates a wise way of thinking about it.
An industry I work in, one of the core industries in the world, one that people would have a terrible time living without -- well, if we're shut down for 6 months, only a small fraction of firms would remain, prices for consumers would skyrocket, and quality of the goods would diminish terribly.
It would probably take multiple decades for the market to fully recover. The people who would be hurt the most would be the poor, and they would lose many billions, possibly trillions.
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