This Recession is Different

In every recession, goods get hit harder than services. This makes sense. You delay that new appliance purchase, but you continue to go to the gym.
This recession is different. People who could afford to bought Pelotons and canceled their gym membership. This type of thing is playing out in different areas of the economy.
The chief economist at Indeed, Jed Kolko, wrote an excellent piece on the 2020 labor market and the o…

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