I’ve mentioned that this Current Situation is an excellent chance to observe and learn. This is a dress rehearsal for whatever bigger things come down the pike next. If you’ve been watching the news lately, which is rather tough to avoid, we’ve been told that unemployment is rocketing through the roof as people are laid of, furloughed, fired, downsized, or otherwise off the payroll. Makes sense…if a business is closed then there’s no way to pay the employees.
But…some people are not only still getting paid, they’re getting paid more. They are in a position that allows them to continue to have employment in this situation. Let’s examine that.
I read somewhere that people who made it through the tumult of World War Two noted that no matter how bad the situation in the civilian population, certain trades or businesses were able to stay afloat. Broadly, there were five: food, medical, sex, weapons, and entertainment. If you were in a business that was in one of these categories, the odds were better in your favor during recessions, depressions, etc. With various states on lockdowns, people holding onto their money (if they’re smart), and social distancing the order of the day…who is still in business?
Well, the gun and ammo businesses are doing well. Weapons always make people feel, right or wrong, that they have some control over their lives. If you’re in the ammo business or the gun business right now, and you have some inventory, you’re probably doing pretty well. So…thats 1/5th that seems accurate.
Grocers are always going to see people buying from them. Folks have to eat. And, again, as long as they have inventory there will be no supermarket that has sales flatline. Pandemic or no, people wanna eat. (Also folding booze and smokes into this group.) 2/5ths.
Nurses and doctors are probably not short of work right now unless youre something a little more pedestrian and a lot less ER. For example, I don’t think there’s a lot of dentists or podiatrists doing business right now. But you’re an ER, ICU, or flight nurse? Bet you’re getting all the work you want. So, yeah, 3/5ths.
Entertainment? Thats tricky. Mass gatherings are kinda frowned upon right now..concerts, movies, etc, are not doing well. Even if your venue isn’t closed down by .gov edict, no one wants to sit elbow-to-elbow with coughing strangers. So, no, this fifth doesn’t work in this situation.
Sex? Well, with everyone staying at home there’s a rise (ahem) in online porn, toy purchases, cam shows, etc, etc. And, I suppose that for those who make house calls…there might be a consistent demand. 4/5ths.
So out of those five businesses, it looks like four of them will weather this pandemic. Others I’ve noticed: the local gold/silver shop is doing crazy business.
If you work for government, you’re probably also somewhat bulletproof in all this. Certainly if youre a cop or fireman you can expect to keep working.
All in all, this is an interesting subject to watch play out in the real world. If you’re looking for a career or sideline to give you an extra income in all sorts of situations, you might want to look around your neighorhood and see who is open, and how much business theyre doing. If they can make money during a crisis like this, then perhaps its a business worth looking into.