00:00So, as Sarah says, Shane, a huge warning sign from the aviation authorities over in the States.
00:07But we must remember 1.4 million federal workers are without pay or they are on forced leave at the moment.
00:15And this is due to this continuing shutdown.
00:18What impact is it having on employees financially and also the country as a whole?
00:25Well, if you look at sort of the bigger picture, so we're just talking about flights there.
00:28And it was interesting, I just was watching, I think Bloomberg and the analysts were saying that it was this issue of aviation and concerns over safety that broke the last shutdown.
00:39So, the fact that they're now putting plans in to sort of oversee that doesn't really look very optimistic.
00:45But if you look at just the U.S. commercial aviation sector, that's worth about 35 billion a week.
00:50So, if you do like the short maths, 10% of that, if you look at and if it's only domestic, you're talking about like 2 billion being shaved off the economy.
00:58And then you've got all of the people being delayed on the flights and how it'll impact.
01:03But to go back to your question, so if you look at sort of the economy, I think the easiest way to look at it was the previous shutdown, which was sort of the tail end of 2018 into January 2019.
01:13And when they look back at the figures of that, it was around 11 billion was lost to GDP over in total, it was what the numbers determined.
01:22About 3 billion of that was completely lost permanently, but which is fine.
01:27You know, it's a large sort of trillion dollar economy.
01:29But if you look at the workers that you just mentioned, there was also a survey done by the National Treasury Employees Union in 2019.
01:37And they found that about a third of the workers missed sort of rent or mortgage payments, which, again, you know, that's quite critical.
01:4542% had to resort to using credit cards to cover their basics.
01:49And even 20% of them had to go to food banks or to, you know, sort of groceries that would give them sort of lower cost food.
01:57So, it's quite a bad situation.
02:00Yes, like the economy will recover, but it's the workers on the ground.
02:03And I think you also need to look at the, it's not just the workers, because Trump in his last shutdown brought in a policy where they would get back pay.
02:12So, a lot of these, yeah, even though they have to maybe resort to using their credit cards, a lot of them will hopefully get this money back when it goes through.
02:19But if you look at all of the supplementary industries that are not directly paid by the Federation, so the cleaner that, you know, that cleans a lot of these buildings or, you know, a gardener that's hired in the parks.
02:30You know, all of these people, these are not working at the moment, but they're not going to get the back pay.
02:35So, I think they're the ones that are going to be sort of impacted.
02:38And all of the small businesses that depend on federal contracts that are now not being paid, they won't, are highly unlikely to get sort of back pay.
02:46So, there's a lot of people that are going to be impacted.
02:48And there was a really interesting CNN report done where it went through all of the federal sort of agencies.
02:56And, you know, small businesses that depend on loans for the federal government, those are going to be halted.
03:01There's a lot of people, I think there's 42 million Americans that depend on, you know, sort of low-cost food.
03:07Those are all frozen.
03:09There's 8,000 children that use a program called Head Start, which is for low-income workers on education.
03:16So, all of these are on hold at the moment.
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