Small business owners whose lives have been permanently upended are going to be a whole new political faction around the world. Doctors and nurses are at least getting tagged heroes and will likely still have jobs even if hospitals end up bankrupt. But this group will be...angry.https://twitter.com/BW/status/1251179665735266305 …
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Replying to @vgr
What are your thoughts on similar classes of businesses, but with the ability to go online (eg. gyms, education, etc. )?
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Replying to @morgoe876
Gyms can’t go online. Most people don’t have equipment. They’ll do better since their variable costs are lower and they don’t have inventory losses. Education will be fine K-12 I think. Colleges might be in deep shit. Especially second tier and below.
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Replying to @vgr
Gyms no but group fitness - CrossFit, yoga etc - can. Agree with colleges. Wonder if transition to online will stay after lockdown ends. Same as transition to home-cooking/takeout staying
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CrossFit uses a lot of equipment... power rack for Olympic lifts etc! Yoga, body weight, etc yeah, doing fine.
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