Back in March, I guessed that with all the lockdowns, lay-offs and furloughs there would be more newbie providers entering the Hobby World.
Has anyone noticed that?
Originally Posted by ICU 812
I disagree. In fact, I would argue the opposite. It seems to me, the stimulus checks, PPP loans, all have increased the money supply. At the same Time, providers have received an extra $600 (now $300) in unemployment which has met her $$$ needs. In reality, this has increased the supply of hobby $$$ and decreased the supply of providers which has caused rates to go up.
I know one business owner who put two providers/SB on his payroll so he could use his PPP to fund his hobby activities.
I suspect after the election stimulus $$$ will go away and then you might be right, but for now all I see is less providers and rising prices.