Hacker News new | ask | show | jobs
by mindentropy 3507 days ago
The problem is that that sentiment will turn sour pretty soon as the supplies will get affected badly. Most of the truck drivers which supply essential goods are paid in cash by their owners. Think what will happen if the payment is deferred.

It might be very sad to say but a lot of these shops exists because of the black money. Some are mere shopkeepers whose owners would have opened these shops to invest their money. Now think what would happen when their cash gets sucked away. There would definitely be a huge loss of jobs.

If real estate is hit badly then a lot of laborers would be jobless overnight. A lot of projects would have to be stalled.

Presently there is an uneasy calm and some sort of schadenfreude but when the dust settles the consequences will not be good.