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> Are the majority of these people expected to find work again at the same (or better) pay? > Are these lost jobs primarily "low skill" jobs? Or are there a lo
by ardy42 6y ago
> Are the majority of these people expected to find work again at the same (or better) pay?
> Are these lost jobs primarily "low skill" jobs? Or are there a lot of white collar jobs being lost as well?
Many Jobs May Vanish Forever as Layoffs Mount: https://www.nytimes.com/2020/05/21/business/economy/coronavirus-unemployment-claims.html https://www.nytimes.com/2020/05/21/business/economy/coronavi...
> The economy that does come back is likely to look quite different from the one that closed. If social distancing rules become the new normal, causing thinner crowds in restaurants, theaters and stores, at sports arenas, and on airplanes, then fewer workers will be required.
> Large companies already expect more of their workers to continue to work remotely and say they plan to reduce their real estate footprint, which will reduce the foot traffic that feeds nearby restaurants, shops, nail salons and other businesses.
> Concerns about working in close quarters and too much social interaction could also accelerate the trend toward automation, some economists say.
> New jobs are being created, mostly at low wages — for delivery drivers, warehouse workers and cleaners. But many more jobs will vanish.