Then maybe you should be more concerned with the naxal violence in the country..... not jobs but lives are being lost there
A 20 % correction from here will do no harm to the economy. Why will there be job losses? Will your local kirana sack his delivery boy?
Did you stop getting your car or bike from getting washed daily? did you eat less bread, putting a few hundred bakery workers out of their jobs?
A stock market crash or rather, a 20 % correction cannot be called a crash, will not affect any robust economy. Then it would mean that children would stop going to schools, people would stop buying groceries.... come on!
Yes, people in investment firms may loose jobs, and deservedly so, as they would have no business being long in a falling market. If they were, they deserve to be kicked out.
Other than a banking crisis, there is never any effect of a crash on the economy.
Just my 2 dollars
And for me ... yes... its allways about money.....