I do think we already know that America is one of the most influential and at the same time well off countries in the world but despite this fact the economic impact of the pandemic did some drastic changes there. The Americans have reported having millions of jobless people in their country alone. MILLIONS! According to the data 9.9 Million people are jobless in America ( it was 1.2 million at the start of the pandemic)
Data is taken from here:
https://www.nytimes.com/2021/02/05/business/economy/january-2021-jobs-report.html Now I am worried about American economy for sure. But the people do have access to stimulus bills from the government which is not even low to be honest. The government does have money but they are not using it right. They should invest more in setting up new generation environment friendly factories with zero waste emission in small small towns and employee people , but let's leave it at that... What should we be more worried about ??
About countries like : Africa, India , why is no one talking about them ? Media coverage does not include the underdeveloped and the developing Nations. With the rise of the new Variant the graph might overshoot again let alone the studies of long term health problems of covid scare people but we do need : JOBS
Government has to create Job opportunities for the people!
They can get sustainable benefits from the same since import export can be avoided if people started production at their home country. We might need a new industrial revolution but this time should be more sustainable ofcourse.
{small note: Kudos to the bitcoin community in helping provide jobs through Campaigns and competitions , there is always something available in the service section }
People are talking about stimulus.
But who will talk about the joblessness which is spreading like a disease far more destructive than COVID.
Should the developed countries try and go for industrialization? Let's discuss!
The data you presented is quite alarming. No doubt, the unemployment rate rapidly increased during the pandemic because a lot of establishments, companies, and businesses were forced to close down. However, some countries are already starting to bounce back and recover from economic decline, unemployment, and covid-19 cases. The government must really produce jobs for the citizens so that there would be lesser people in the poverty line. It would even be a win-win scenario since when there are many people employed and paying taxes, the economy will boost.
Government must have proper budget allocations in order to make the most out of the people's taxes. By doing so, the citizens will benefit from the taxes they are paying diligently to the government. Livelihood projects and government or even community works should be the priority and not some extravagant project that has no beneficial effect to the people. I agree with you that we need to have a sustainable industry which requires manpower to lessen the jobless population.
I just hope that this year, most countries will soon bounce back despite the new strain of covid-19 that is said to be more contagious and severe since it has already mutated. Let's anchor our hope to the mass production of the vaccines and the efficacy it offer.