The virus is now spreading more rapidly in the US than Europe or Asia because of the slow response from many American political leaders. They have blood on their partisan hands. Click to Enlarge.
A new study from the University of Chicago find that only 34% of U.S. jobs could be performed at home. Using average hourly wages by occupation and assuming that all occupations involve the same hours of work, Jonathan Dingel and Brent Neiman determine that these jobs account for 44% all wages. It’s an important supplement to the growing body of COVID-19 research and the total unpreparedness – still only partially resolved – of the Federal and State Governments to provide for the health and security of our people.
“Our estimate is an upper bound on what might be feasible and greatly exceeds the share of jobs that in fact have been performed entirely at home in recent years,” they say. Jonathan Dingel and Brent Neiman conclude that identifying which jobs cannot be performed from home could help to target social insurance payments to those who need them the most.
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Recapturing Lease Customers Critical J.D. Power Finds
New-vehicle leases accounted for 31% of the new retail vehicle market in 2019, while lease transactions this year account for 52% of captive lenders’ new retail business. These percentages indicate how important it is for dealers and lenders to work together to retain lease customers as the market heads into a downturn thinks J.D. Power. AutoInformed says it’s a great time to be a lease holder. Don’t like the residual price? Walk away. Want a new lease? Aggressively negotiate and/or change brands.
According to the J.D. Power 2020 U.S. End of Lease Satisfaction Study, released today, effective communication and marketing efforts that factor in key decision-making timeframes can play a significant role in improving lease retention rates.
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