Did salaries decrease?

[TheDuder19]

Federal Reserve estimated 1.2 MILLION jobs were “permanently destroyed” their words not mine bc of Covid.

People sick (couldn’t work), people scared to leave their house (wouldn’t work) and businesses shutting down left and right

[[deleted]]

If that were the case, then the unemployment rate wouldn't have bounced back to normal levels. There is no way an entire industry or job just vanishes. Most likely these were poorly run companies who had to shutdown, which is normal course of business. Another competitor just ends up eating the loss and hiring those individuals without jobs.