Throughout the past few weeks the coronavirus has left the world empty and desolate. With lockdown measures and social distancing orders in place, people refrain from going to restaurants, communicating in-person, and going to work. As the nation adjusts to this austere new lifestyle, consumerism has slowed down immensely. Consumers are only buying the essentials, which means they aren’t spending like they used to. Of course, when people aren’t spending money, businesses don’t make money. Therefore, many business owners have had to make tough decisions to stay afloat.
To protect their businesses from the coronavirus, many business owners have adjusted employee hours and pay to save costs. In addition to that, some employers recently laid off and terminated employees. This is the unfortunate new reality that both employees and employers must face.