COVID-19 & Economy in a different Light

Since, the day of Covid-19 being declared as the biggest pandemic in the history of mankind all over the world. There was a lot of criticism and speculation in the market as a chatter as to the conclusions it would lead to like greatest depression, greatest unemployment etc.

I always shared a different view on the whole topic,

- I felt that the pandemic would not be the reason for unemployment but instead organisations will cut jobs to achieve optimization and use this pandemic as an excuse to fire the under performers. So, unemployment will not be large scale as there will be demand for high skills & efficiency, so the average to high performers will never be fired And every survey in the world clearly states that in every sector of employment only 20% employees are below average.

- I felt that there will be a slowdown in economy in the start and it will be huge but after the first slowdown it will gain a huge upside as the Supply Chain issues will start to solve, all the old stock of every manufacturer will be zeroed, people against online purchases will actually start buying online and lastly, that slow down will act as a break in the monotonous lifestyle of which they were bored of & no they will be like a small kid who had the first bite of chocolate & wants more & more & more.

I never shared this view over a public platform before but only in my close circle but today when i saw #mastercard putting the below picture on their page, i thought may be i was right and may be we are all not doomed and the economy will eventually emerge stronger than before.