4 ms·
And a lot of new industries will arise. They already do.
by chewz 7y ago
And a lot of new industries will arise. They already do.
- kuu 7y agoOut of curiosity, can you mention a few you consider are raising?
- chewz 7y agoE-commerce is booming, courier services are hiring, small mom and pop local retail is quickly embracing internet orders. In my country we are introducing parcelmats at scale and preparing for 'foodmats' or 'fridgemats'. In general replacing cheap labor with automatisation to avoid human contact will be a thing. Retail, restaurants will look more like in Japan. Local tourism seems like a sure bet as people probably won't trust claims there is no virus in places like Bali or Thailand. No to mention there will be no cheap flights for years to come. All the WFH will be a huge opportunity for real-estate and construction very soon as people will start leaving dense urban areas. Some countries in EU will reform farming and bring strategic production back home which will be huge kick to economy. And there will be unlimited funding for that a'la Marshall plan and Eisenhover era. Local restaurants, florists, barbers, waiters - collateral damage.
- tonyedgecombe 7y agoSlowly, downturns happen quickly and recoveries slowly.
- empath75 7y agoDoesn’t help the people whose livelihoods are wiped out.
- stoolpigeon 7y agoIt may. I have an uncle who would never admit it but when his dairy farm finally went bankrupt he started getting a regular paycheck, vacation for the first time in his life and my cousins couldn't get off the farm fast enough. Sometimes being forced to something new can help people do things they wouldn't try otherwise.
- somewhereoutth 7y agoThis sounds a bit wrong under the circumstances, and is a somewhat flawed statement anyway, but I have often thought that "Failure closes just one door, Success closes all the others!"