5 ms·

"During a CNBC interview last week, Bullard said the jobless number “will be unparalleled, but don’t get discouraged. This is a special quarter, and once the vi

by jdkee 7y ago

"During a CNBC interview last week, Bullard said the jobless number “will be unparalleled, but don’t get discouraged. This is a special quarter, and once the virus goes away and if we play our cards right and keep everything intact, then everyone will go back to work and everything will be fine.” Nothing is going back to business-as-usual after this event. 1. Companies that successfully transition to work form home will shed tens of millions of commercial real estate square footage. 2. The online shopping/home delivery will accelerate the collapse of the retail shopping environment. The U.S. has too much already, see https://www.statista.com/statistics/1058852/retail-space-per-capita-selected-countries-worldwide/ https://www.statista.com/statistics/1058852/retail-space-per... 3. This will accelerate online learning, especially in higher-ed. We are already planning our summer courses to be fully taught online as of this point in time. 4. Tying healthcare to employment in the U.S. will likely become unthinkable as a public health hazard. EDIT: spelling

PragmaticPulp 7y ago
This pandemic has an amazing ability to make everyone more confident in their personal preferences and pre-conceived notions. Is it safe to assume that before this pandemic, you: 1. Preferred WFH to being in an office. You wished more jobs would accept remote employees like you. 2. Preferred online shopping wherever possible. When visiting retail stores, you wished a tech company would disrupt that industry so you wouldn't have to visit a store. 3. Prefer to learn on your own, at your own pace 4. Assumed that anyone who disagreed with your political leanings was just misinformed or morally bankrupt. What's fascinating is that my social media feeds are full of people who are convinced that this pandemic is proving their pre-conceived beliefs to be more correct than ever. It's making it more difficult for people to see differing viewpoints, or understand why someone could have differing personal preferences. The dust hasn't even settled yet, but my friends are either declaring WFH to be the way of the future or wholly untenable. I have numerous friends with children at home who are more eager than ever to return to their offices and go back to normal. My manager friends are all fretting the productivity drops as people struggle to get work done amid a 24/7 news cycle of impending doom. Yet the WFH champions are convinced this will prove WFH to be superior. Personally, I think the long-lasting changes from this pandemic are far harder to predict than people are suggesting.
- Mountain_Skies 7y ago
  I've worked from home for the past two years. I'm a bit worried that the sudden wave of people working from home unprepared is going to give the whole thing a bad reputation, making it more difficult for people like me to continue to work from home. My employer has saved a lot of money closing down various facilities but was already considering reopening them because times were good. We're an essential industry so likely will come out of this crisis in a good situation. Cheap real estate might tempt someone in the C suite to make every come back into the offices again.
- standardUser 7y ago
  I think that's too dismissive of some undeniably strong trends over the last 20 years. Remote work will continue to increase, brick and mortar retail will continue to suffer, more and more education will occur online and support for a more mainstream healthcare system will continue to increase. These things are all already happening and there is nothing to suggest these trends will slow or stop. But there is plenty of reason to believe this pandemic will accelerate those trends, simply by virtue of fast-forwarding the current trajectory. Maybe the OP was offering a somewhat extreme take, but none of these phenomenon are controversial and no "pre-conceived notions" are required to acknowledge obvious trends already in progress.
- jdkee 7y ago
  Let's see how accurate YOUR predications are: 1. I teach in higher-ed. In a classroom. Working from home is the last thing on my mind as it would be detrimental to the teacher-student relationship. 2. I enjoy shopping. I browse bookstores, record shops, try on clothes at the mall, enjoy selecting my own produce and wine at the grocers. 3. I prefer learning in seminars and I use the socratic method with students. I do not let them use technology in the classroom unless they have a demonstrated need. 4. Not sure how you inferred this from my statement. It is reasonable to assume that persons in the U.S. who are unemployed or have limited access to healthcare will make less use of it, thus contributing to conditions that allow pandemics to spread. That is not a political statement. Thanks for your input.
nitwit005 7y ago
> 4. Tying healthcare to employment in the U.S. will likely become unthinkable as a public health hazard. Most people seem to agree with that already, but I'm not sure popular sentiment, or even what the political elite thinks matters. If you look at the Affordable Care Act, plenty of Republicans had spoken positively about the ideas in the legislation prior to it being proposed, and have admitted they like parts of it after the fact. They violently opposed it regardless. Apparently it's easy to scare people about health care issues, and easy to turn that into anger at the other party. You probably need to fully control congress and the presidency to make any changes to the fundamentals of how health care functions, unless somehow the culture of American politics gets fixed.

by jdkee 7y ago

PragmaticPulp 7y ago

This pandemic has an amazing ability to make everyone more confident in their personal preferences and pre-conceived notions. Is it safe to assume that before this pandemic, you: 1. Preferred WFH to being in an office. You wished more jobs would accept remote employees like you. 2. Preferred online shopping wherever possible. When visiting retail stores, you wished a tech company would disrupt that industry so you wouldn't have to visit a store. 3. Prefer to learn on your own, at your own pace 4. Assumed that anyone who disagreed with your political leanings was just misinformed or morally bankrupt. What's fascinating is that my social media feeds are full of people who are convinced that this pandemic is proving their pre-conceived beliefs to be more correct than ever. It's making it more difficult for people to see differing viewpoints, or understand why someone could have differing personal preferences. The dust hasn't even settled yet, but my friends are either declaring WFH to be the way of the future or wholly untenable. I have numerous friends with children at home who are more eager than ever to return to their offices and go back to normal. My manager friends are all fretting the productivity drops as people struggle to get work done amid a 24/7 news cycle of impending doom. Yet the WFH champions are convinced this will prove WFH to be superior. Personally, I think the long-lasting changes from this pandemic are far harder to predict than people are suggesting.

Mountain_Skies 7y ago
I've worked from home for the past two years. I'm a bit worried that the sudden wave of people working from home unprepared is going to give the whole thing a bad reputation, making it more difficult for people like me to continue to work from home. My employer has saved a lot of money closing down various facilities but was already considering reopening them because times were good. We're an essential industry so likely will come out of this crisis in a good situation. Cheap real estate might tempt someone in the C suite to make every come back into the offices again.
standardUser 7y ago
I think that's too dismissive of some undeniably strong trends over the last 20 years. Remote work will continue to increase, brick and mortar retail will continue to suffer, more and more education will occur online and support for a more mainstream healthcare system will continue to increase. These things are all already happening and there is nothing to suggest these trends will slow or stop. But there is plenty of reason to believe this pandemic will accelerate those trends, simply by virtue of fast-forwarding the current trajectory. Maybe the OP was offering a somewhat extreme take, but none of these phenomenon are controversial and no "pre-conceived notions" are required to acknowledge obvious trends already in progress.
jdkee 7y ago
Let's see how accurate YOUR predications are: 1. I teach in higher-ed. In a classroom. Working from home is the last thing on my mind as it would be detrimental to the teacher-student relationship. 2. I enjoy shopping. I browse bookstores, record shops, try on clothes at the mall, enjoy selecting my own produce and wine at the grocers. 3. I prefer learning in seminars and I use the socratic method with students. I do not let them use technology in the classroom unless they have a demonstrated need. 4. Not sure how you inferred this from my statement. It is reasonable to assume that persons in the U.S. who are unemployed or have limited access to healthcare will make less use of it, thus contributing to conditions that allow pandemics to spread. That is not a political statement. Thanks for your input.

nitwit005 7y ago

> 4. Tying healthcare to employment in the U.S. will likely become unthinkable as a public health hazard. Most people seem to agree with that already, but I'm not sure popular sentiment, or even what the political elite thinks matters. If you look at the Affordable Care Act, plenty of Republicans had spoken positively about the ideas in the legislation prior to it being proposed, and have admitted they like parts of it after the fact. They violently opposed it regardless. Apparently it's easy to scare people about health care issues, and easy to turn that into anger at the other party. You probably need to fully control congress and the presidency to make any changes to the fundamentals of how health care functions, unless somehow the culture of American politics gets fixed.