Spending On Services/Activities Are Hurting The Economy

 

The chart above (found at Axios.com) shows the problem with our pandemic economy. It's not the sale of goods that's dragging down the economy. In fact, the sale of goods has actually increased. It's the sale of services and activities that are still suffering.

People have learned how to buy the goods they need in a pandemic economy. They go online or wear a mask on a short shopping trip.

Services and activities are different. They require exposure to large gatherings or prolonged exposure to other people -- things that are not safe to do in a pandemic.

This is why our economy will not recover until the pandemic is under control. People must feel safe before resuming the spending on services and activities.