{"id":8042,"date":"2021-03-03T10:56:16","date_gmt":"2021-03-03T16:26:16","guid":{"rendered":"https:\/\/ustechsolutions.com\/?p=8042"},"modified":"2023-02-10T05:27:39","modified_gmt":"2023-02-10T10:57:39","slug":"jobs-lost-or-created-because-of-covid-19-and-why","status":"publish","type":"post","link":"https:\/\/ustechsolutions.com\/jobs-lost-or-created-because-of-covid-19-and-why\/","title":{"rendered":"Jobs lost or created because of COVID-19\u2014and why"},"content":{"rendered":"\n[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px|||||&#8221;][et_pb_row _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;-13px|auto||auto||&#8221; custom_padding=&#8221;0px|||||&#8221;][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>4-minute read<\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243; custom_padding=&#8221;|||20px||&#8221;]<p>Facts on the impacts of COVID-19 on the world of work<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221;][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243; custom_margin=&#8221;||0px|||&#8221;]<h2>Pandemic-related job losses around the world<\/h2>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>The 2020 pandemic is destroying livelihoods around the globe.<\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243; custom_padding=&#8221;|40px||40px||&#8221;]<p class=\"BlockQuote\">According to the <a href=\"https:\/\/news.un.org\/en\/story\/2020\/04\/1062792\"><span class=\"Link\">United Nations Labor Agency<\/span><\/a> some 1.6 billion people employed in the informal economy \u2013 or nearly half the global workforce &#8211; could see their livelihoods destroyed due to the continued decline in working hours brought on by lockdowns to curb the spread of COVID-19.<span style=\"font-size: 14px;\">\u00a0<\/span><\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221;][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243; custom_margin=&#8221;||12px|||&#8221;]<h2>Why COVID-19 has impacted employment so much<\/h2>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>There\u2019s no single reason why the pandemic has crippled economies. Just like the ferocious impact of the virus itself on the human body, it\u2019s impact has been far reaching and wide ranging.<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; column_structure=&#8221;3_5,2_5&#8243;][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;3_5&#8243;][et_pb_image src=&#8221;https:\/\/ustechsolutions.com\/wp-content\/uploads\/2021\/02\/deicing-of-airplane-before-flight-X4D2HT4.jpg&#8221; _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; alt=&#8221;jobs lost&#8221; title_text=&#8221;deicing-of-airplane-before-flight-X4D2HT4&#8243; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;][\/et_pb_image][\/et_pb_column][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;2_5&#8243;][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221;][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243; custom_margin=&#8221;||14px|||&#8221;]<h2>The bad news story<o:p><\/o:p><\/h2>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243; custom_margin=&#8221;||-1px|||&#8221;]<h4>Dying industries are now dying faster<\/h4>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>The pandemic has put more pressures on industries already facing extinction such as retailers with product lines beyond grocery, consumables, past-times and household essentials. The pandemic has accelerated the move to e-commerce and e-retailing. It served to accelerate long-term shifts that were already occurring.<\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243; custom_padding=&#8221;|40px||40px||&#8221;]<p class=\"BlockQuote\">To example this, retail sales in the U.K. declined faster in 2020 than at any time in history, with sales plunging by 1.9%.<o:p><\/o:p><\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>The travel and tourism industry has also been hit. The fear of future viruses is making travel stocks hard to predict. Already travel stocks have been hit hard, with Tui down 15% and BA parent IAG losing 3.6%, making it the biggest loser on the FTSE 100 index.<\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>The economic pain of the pandemic falls beyond retail and travel. Pretty much all bricks-and-mortar businesses are suffering. Of course, many manufacturers, that found success in the boom years of consumerism, are now struggling because the world isn\u2019t as plentiful as it used to be and younger generations are changing their buying preferences towards recycle and reuse alternatives; they\u2019re less inclined to keep buying new products every year.<\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243; custom_padding=&#8221;|41px||41px||&#8221;]<p class=\"BlockQuote\">The true impact of COVID-19 means more than 430 million enterprises in hard-hit sectors such as retail and manufacturing risk \u201cserious disruption\u201d, so says the <a href=\"https:\/\/news.un.org\/en\/story\/2020\/04\/1062792\"><span class=\"Link\">UN Labor Agency<\/span><\/a>.<o:p><\/o:p><\/p>\n<p>&nbsp;<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; column_structure=&#8221;3_5,2_5&#8243;][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;3_5&#8243;][et_pb_image src=&#8221;https:\/\/ustechsolutions.com\/wp-content\/uploads\/2021\/02\/little-girl-watching-tv-in-the-bedroom-TMTEA9N.jpg&#8221; _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; alt=&#8221;jobs lost&#8221; title_text=&#8221;little-girl-watching-tv-in-the-bedroom-TMTEA9N&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;][\/et_pb_image][\/et_pb_column][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;2_5&#8243;][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221;][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243; custom_padding=&#8221;||0px|||&#8221;]<h4>Consumers have changed their habits and attitudes<\/h4>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>Consumers today are \u2018nesting\u2019 at home and have been given pause to re-think their values and what\u2019s important to them thanks to COVID-19. Suddenly, we all feel a little less confident in our futures, how much time we have left on the planet. These attitudes and behaviors are being reflected in buying trends: According to the latest research by <a href=\"https:\/\/www.mckinsey.com\/~\/media\/mckinsey\/industries\/retail\/our%20insights\/how%20covid%2019%20is%20changing%20consumer%20behavior%20now%20and%20forever\/how-covid-19-is-changing-consumer-behaviornow-and-forever.pdf\"><span>McKinsey<\/span><\/a>, bricks-and-mortar businesses are suffering the most, gym memberships are down, tourism is staggeringly low, while the play and entertainment is experiencing massive growth, media consumption like online streaming is up (Disney Plus achieved subscriptions in two months what took Netflix 7 years), and health and wellbeing industry is experiencing a \u2018renaissance\u2019 moment.<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221;][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<h4>Workers have changed where they work, killing work-day trade<\/h4>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>Towns and cities that housed office centres and thousands of workers have grown silent in daylight hours that were previously the sight of bustling streets and overflowing cafes, snack bars and eateries. Remote working has grown the online collaboration industry 20-fold, but that has come at the cost of hundreds of small businesses serving the mass commute audience of yesteryear.<\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243; custom_padding=&#8221;|40px||40px||&#8221;]<p class=\"BlockQuote\">Montreal is an example of the many commuter towns and cities whose lunch and early evening food and beverage economies have been struck down by COVID-19, proving it to be as deadly to small businesses as it is to humans. In January (2021), <a href=\"https:\/\/www.timeout.com\/montreal\/restaurants\/permanent-restaurant-bar-closures-montreal\"><span class=\"Link\">Timeout<\/span><\/a> reported on the sad demise of 36 notable Montreal restaurants and bars permanently closed due to the pandemic. <o:p><\/o:p><\/p>\n<p>&nbsp;<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; column_structure=&#8221;3_5,2_5&#8243;][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;3_5&#8243;][et_pb_image src=&#8221;https:\/\/ustechsolutions.com\/wp-content\/uploads\/2021\/02\/young-smiling-man-driving-car-and-taking-away-coff-ZRKWDLE.jpg&#8221; _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; alt=&#8221;jobs lost&#8221; title_text=&#8221;young-smiling-man-driving-car-and-taking-away-coff-ZRKWDLE&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;][\/et_pb_image][\/et_pb_column][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;2_5&#8243;][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221;][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<h4>Some organizations have demonstrated their inability or unwillingness to adapt to change<span style=\"font-size: 14px; color: #666666;\">\u00a0<\/span><\/h4>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>Some home electronics, logistics, pharmaceuticals, medical equipment, and cleaning supplies companies\u2014and even Formula One racing teams\u2014have demonstrated their remarkable adaptability by servicing needs created by the pandemic. Other businesses\u2014particularly those traditionally characterized by bricks-and-mortar operations and requiring the footfall of \u2018passing trade\u2019\u2014have demonstrated an unwillingness or inability to adapt to the new normal. For example, bars and pubs accustomed to a client base that came to them proved staggeringly poor at offering door-to-door or click-and-collect services.<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221;][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<h4>The perfect excuse to right-size a workforce<o:p><\/o:p><\/h4>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>A small number of businesses, already suffering to make a profit from their business model before the pandemic hit, took the pandemic as a great \u2018once in a lifetime\u2019 opportunity to use it as a credible excuse to downsize their workforce and cut operating costs.<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; column_structure=&#8221;3_5,2_5&#8243;][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;3_5&#8243;][et_pb_image src=&#8221;https:\/\/ustechsolutions.com\/wp-content\/uploads\/2021\/02\/jobs-lost-HTEQ2PQ.jpg&#8221; _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243; alt=&#8221;jobs lost&#8221; title_text=&#8221;jobs lost -HTEQ2PQ&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;2_5&#8243;][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221;][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243; custom_margin=&#8221;||7px|||&#8221;]<h2>The good news story<\/h2>\n<p><o:p><\/o:p><\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>There is a silver lining. It\u2019s not all bad news.<\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<h4>New opportunities have been forged<\/h4>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>The pandemic has boosted areas of the global economy such as local home delivery logistics, pharmaceuticals industry, and cleaning products, remote working technologies, medicines, health and fitness. Even areas of retail are stronger today than they were yesterday. Many of these changes are likely to be permanent.<\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243; custom_margin=&#8221;||18px|||&#8221;]<h4>Downturns normally lead to a spike in innovation<o:p><\/o:p>\u00a0<\/h4>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>Just as a dying tree might shed new saplings, history suggests during every slow-down in economic activity, innovation grows, resulting in the formation of new startup \u2018buds and shoots\u2019 emerging out from the old.<\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>The pandemic has triggered a surge in business start-ups across major economies. The US, UK, France, Germany and Japan register <a href=\"https:\/\/www.ft.com\/content\/3cbb0bcd-d7dc-47bb-97d8-e31fe80398fb\"><span>sharp rises<\/span><\/a> in new company registrations.<\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<ul>\n<li>In the US, business formation applications were up 82 per cent in the three months to September compared with the same quarter the previous year.<br \/><br \/><\/li>\n<li>In the UK, <a href=\"https:\/\/www.enterprisenation.com\/learn-something\/rise-in-startups-during-coronavirus\/\"><span>new business formations<\/span><\/a> in the first nine months of the year were 9.5% higher than the same period in 2019.<br \/><br \/><\/li>\n<li>France registered 84,000 new businesses in October, up 20 per cent on the same month last year and the highest ever recorded<br \/><br \/><\/li>\n<li>In Germany, business registrations were above last year\u2019s levels in most recent months, after a sharp fall in the early stages of the pandemic.<br \/><br \/><\/li>\n<li>In Japan, 10,000 new businesses were registered in September, 14 per cent more than in the same month last year<\/li>\n<\/ul>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; column_structure=&#8221;3_5,2_5&#8243;][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;3_5&#8243;][et_pb_image src=&#8221;https:\/\/ustechsolutions.com\/wp-content\/uploads\/2021\/02\/robotic-arm-modern-industrial-technology-automated-FBKZSA3.jpg&#8221; _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; alt=&#8221;jobs lost&#8221; title_text=&#8221;robotic-arm-modern-industrial-technology-automated-FBKZSA3&#8243; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;][\/et_pb_image][\/et_pb_column][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;2_5&#8243;][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221;][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<h2>Future outlook<o:p><\/o:p><\/h2>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p><a href=\"https:\/\/www.mckinsey.com\/featured-insights\/coronavirus-leading-through-the-crisis\"><span>McKinsey &amp; Co<\/span><\/a> described the consequential impact of COVID-19 on consumer behaviors and workplace trends as being \u2018the next normal.\u2019 Who could argue. While the pandemic has chastened industries that were dying anyway to their inevitable destiny, it has accelerated consumerism towards a digital age; an age of machines, an era when humanity has more time on its hands, and will probably live at home more\u2014some would say, right up to the point when the planet dies to extinguish all of humanities hopes and dreams.<\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>Whatever happened before 2020, the global economy has found itself on a new trajectory. Businesses are faced with the black or white option to \u2018go where no man has gone before\u2019 or retire early.<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"<p>4-minute read Facts on the impacts of COVID-19 on the world of work Pandemic-related job losses around the worldThe 2020 pandemic is destroying livelihoods around the globe. According to the United Nations Labor Agency some 1.6 billion people employed in the informal economy \u2013 or nearly half the global workforce &#8211; could see their livelihoods destroyed due to the continued decline in working hours brought on by lockdowns to curb the spread of COVID-19.\u00a0Why COVID-19 has impacted employment so muchThere\u2019s no single reason why the pandemic has crippled economies. Just like the ferocious impact of the virus itself on the human body, it\u2019s impact has been far reaching and wide ranging. The bad news story Dying industries are now dying fasterThe pandemic has put more pressures on industries already facing extinction such as retailers with product lines beyond grocery, consumables, past-times and household essentials. The pandemic has accelerated the move to e-commerce and e-retailing. It served to accelerate long-term shifts that were already occurring. To example this, retail sales in the U.K. declined faster in 2020 than at any time in history, with sales plunging by 1.9%. The travel and tourism industry has also been hit. The fear of future [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":8043,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[73,84,68],"tags":[],"class_list":["post-8042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-contingent-workforce-staffing","category-gig-economy","category-total-talent"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Jobs lost or created because of COVID-19\u2014and why - USTech Solutions<\/title>\n<meta name=\"description\" content=\"Why the pandemic has crippled economies. It\u2019s impact has been wide ranging. 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