The pandemic is causing a permanent blow to the US economy. Unemployed numbers have doubled in percentage since April. There is an issue regarding the jobs lost will ever return. Couple that with the many redundancies announced by companies recently. With the numbers of closing and bankrupt businesses, it is becoming a hard pill to swallow for many. This only means that it will take years to get back to recovery. Even then and when we do the place we arrive at in that recovery. Only places us back along the path of where we were. This trend is therefore a great worry for the economy.

It is also a great worry for people without jobs and with families struggling to put food on the table. It can only be hoped as businesses shut down that they are replaced by new businesses to replace them and rehire the many placed on unemployment benefits.

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Mike is our Business Reporter who also used to make pop-up adaptations of Plato’s work. Mike strongly believes that Business should be recognized as an independent category of philosophy. That’s probably because he actually attended the IE University and double-majored in Philosophy and Business Analytics, so it’s hard to dispute. Growing up in a household of university professors, Mike has always been innovative with the knowledge that the world offered to him. He covered subjects such as finance, money, economic issues, stock market data for The Vault, Money Aim, RIS Media, and The Realtor. We were, however, surprised when Mike agreed to be our independent Business Reporter, since he used to claim he didn’t know what to do in media. This was false, he's just too humble.


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