RE: Lloy...11 Aug 2020 15:02
DISCO, think you are right bout the young and unskilled labour,
I was speaking in fork tongue to some of these individuals and get the feeling they did not contribute to the local, national economy as they never went out, so they never bought clothes, used the barbers, bought hygiene products. Of the ten I spoke too not one had an iPhone or a apple watch!, never had a car so never paid for insurance, maintenance, fuel , never went on holidays, just stayed at home living off mom‘n’pop and they saved all their wages for a rainy day because they as so Froogle, cedit cards? now way.!! they would NOT dream of being max out!
so I suppose you are correct these job loses will have no impact on housing, property markets as they never had any intention even thinking about getting on the property ladder. In fact some are thinking of going back into education just to be in some kind of BUBBLE….as they feel left out.