It can also be said that a pandemic is the world's way of resetting the economy so yes, companies and governments will maximize for future economic progress because this will start with new steps. Whether it's online and offline jobs, there will at least be an update and adjustment in many existing fields, so it is likely that there will be many jobs available which is very much expected after many people have been laid off due to the pandemic.
Governments are already changing the policies related to the employment sector which may look good in the short term but in the long term, they are going to pay more taxes which is good for the government but not really for the taxpayers. So pandemic may increase more productivity by decreasing the salary of their employees and hiring more employees for the same amount which they paid earlier so companies can see more yield but employee will suffer more due to the inflation rate. 
Topic: Pandemic will bring more economic progress in long-term... (Read 767 times)
It can also be said that a pandemic is the world's way of resetting the economy so yes, companies and governments will maximize for future economic progress because this will start with new steps. Whether it's online and offline jobs, there will at least be an update and adjustment in many existing fields, so it is likely that there will be many jobs available which is very much expected after many people have been laid off due to the pandemic.
I wouldn't be so optimistic about rebooting the economy because of the pandemic. many enterprises stop their activities and many people lose their jobs not because of the inefficiency of business processes, but only because of the presence of the pandemic factor itself, and if it were not for this factor, these enterprises could safely continue to work. It turns out an interesting situation when the economy adjusts to the pandemic and when we hope the epidemic will stop, I'm afraid there will be a new reset under new conditions. It can also be said that a pandemic is the world's way of resetting the economy so yes, companies and governments will maximize for future economic progress because this will start with new steps. Whether it's online and offline jobs, there will at least be an update and adjustment in many existing fields, so it is likely that there will be many jobs available which is very much expected after many people have been laid off due to the pandemic.
Governments are already changing the policies related to the employment sector which may look good in the short term but in the long term, they are going to pay more taxes which is good for the government but not really for the taxpayers. So pandemic may increase more productivity by decreasing the salary of their employees and hiring more employees for the same amount which they paid earlier so companies can see more yield but employee will suffer more due to the inflation rate.I believe they will find a way how to meet halfway in the next coming months. This year is really a very difficult year, not only to one country but to the whole world. This is once in a lifetime experience. And most institutions or companies are not ready for this set-up, so we need to bear with them also as they design their new strategies to cope up with this new normal. And at the same time, we, as individuals, who are still affected by this change, look for options how we can survive in this trial period. Don't rely from our government, as their help is only limited. We need to help ourselves as much as we can.
It can also be said that a pandemic is the world's way of resetting the economy so yes, companies and governments will maximize for future economic progress because this will start with new steps. Whether it's online and offline jobs, there will at least be an update and adjustment in many existing fields, so it is likely that there will be many jobs available which is very much expected after many people have been laid off due to the pandemic.
We have seen a lot of companies changing procedures and implementing more radical ways of doing their work.
Businesses have adopted new processes and technologies—and there are signs that they may pay off in the future. The pandemic and COVID-19 era could give a rapid productivity growth after the vaccination of the global population is going to end or reach a significant percentage.
Remote working and new systems that help companies being better organized are what businesses struggled a lot to adopt in the beginning of the pandemic. Now this kind of investment is going to pay off.
My company made a huge investment in adopting systems such as remote meeting places, cloud systems that help organizing documents, and a way of eliminating paperwork... I believe that this is going to increase the productivity of the employees especially if those go back to work.
Have you seen any changes in your working environment like these?
Businesses have adopted new processes and technologies—and there are signs that they may pay off in the future. The pandemic and COVID-19 era could give a rapid productivity growth after the vaccination of the global population is going to end or reach a significant percentage.
Remote working and new systems that help companies being better organized are what businesses struggled a lot to adopt in the beginning of the pandemic. Now this kind of investment is going to pay off.
My company made a huge investment in adopting systems such as remote meeting places, cloud systems that help organizing documents, and a way of eliminating paperwork... I believe that this is going to increase the productivity of the employees especially if those go back to work.
Have you seen any changes in your working environment like these?
People and large businesses have learned how to deal and cope up with the new normal. We're now able to accept the changes and turn the hardship of the pandemic into more opportunities. I'm sure that everything will pay off at the right time especially now that we're all adopting the changes because of the pandemic situation. Businesses have switched to e-commerce which will benefit both the consumers and employees. If this happens continuously, e-commerce will continue to grow and it will surely affect the economy positively.
In terms of adopting new business strategies during this pandemic are those who are in food businesses wherein they adopted e-commerce technology, ordering online and delivering it door-to-door to their customers. With that strategies the e-commerce businesses are helping the economy to cope up during the hard times we are facing for couple of months.
Those business offering advertisement or those who's business were of mostly online service would gain a lot from this pandemic since it avoids direct contact to each other at most while delivering the service needed. But still if there would someone gain from this for sure that some other business would be hit badly by it.
In terms of adopting new business strategies during this pandemic are those who are in food businesses wherein they adopted e-commerce technology, ordering online and delivering it door-to-door to their customers. With that strategies the e-commerce businesses are helping the economy to cope up during the hard times we are facing for couple of months.
Most of the companies are really moving forward, instead of trying to keep the old system they are adopting the technology and work it out to continue everything, this pandemic really test everyone as surviving to situations is really tough but possible.
As long as you are willing to work things out and you are free in accepting any adjustments there's always room for surviving in.
As long as you are willing to work things out and you are free in accepting any adjustments there's always room for surviving in.
Not just the companies, but also the individuals need to adjust their lives in order to make themselves more suitable for the transformed job market. If you are able to do that, then you will not just survive, but also thrive. From what I have seen, most of the pandemic-era job losses have occurred among those who have very narrow skill-set, which is suitable only for a certain sector.
Not only seeing, but I personally feel the synergy and enthusiasm that continues to grow to build the economy again and better in the future, with the experience of the current pandemic we learn a lot of new things that are more organized and efficient.
All of the activities can be running on the online system. Some companies are preffering to do WFH. The economic is starting to be more focused in the development of the digitalization that can't be affected by the pandemic. We should have learned so many lessons from the current situation. People should realize if they can do that from home and why not?
The pandemic has been pushing people to to do any activities digitally.
Most of the companies are really moving forward, instead of trying to keep the old system they are adopting the technology and work it out to continue everything, this pandemic really test everyone as surviving to situations is really tough but possible.
As long as you are willing to work things out and you are free in accepting any adjustments there's always room for surviving in.
pandemic will bring people to become productive, I saw the good impact that my country having peace through the internet where man has been thrilled therefore, Covid-19 is also have a good effects to anyone .
There are good implication even in the darkess stage of life, we just need to find things and treat it in the good ways and try to compensate from the situation.
The pandemic and COVID-19 era could give a rapid productivity growth after the vaccination of the global population is going to end or reach a significant percentage.
Vaccines will indeed circulate if according to the latest news lately. But it's not certain yet, we can only wait for him. If it is realized, perhaps the economy will gradually recover, but it cannot be as it was, it requires the process to return to normal as usual.Quote
My company made a huge investment in adopting systems such as remote meeting places, cloud systems that help organizing documents and a way of eliminating paperwork... I believe that this is going to increase the productivity of the employees especially if those go back to work.
Have you seen any changes in your working environment like these?
Long-distance meetings in the company is now a good alternative to social distancing implemented by the government in order to avoid the invection of coronavirus. Besides that employees can keep working and make money. It's better than having to fire them out of a job.Have you seen any changes in your working environment like these?
Not only seeing, but I personally feel the synergy and enthusiasm that continues to grow to build the economy again and better in the future, with the experience of the current pandemic we learn a lot of new things that are more organized and efficient.
All of the activities can be running on the online system. Some companies are preffering to do WFH. The economic is starting to be more focused in the development of the digitalization that can't be affected by the pandemic. We should have learned so many lessons from the current situation. People should realize if they can do that from home and why not?
The pandemic has been pushing people to to do any activities digitally.
It eas during the pandemic lock down I knew how important webinars and online video conference are so important, I am from developing countries, so zoom was something interesting because I could easily learn what ever I want as a group discussion through video conference.
There was also an immense increase of POS ( regularly called point of sales) where anyone can used debit card to make withdrawals right from homes since assessing ATM were difficult because of the lock down, many used the opportunity to gather money from transaction fee they accrued from this sales.
Famers also enjoy this period, there was increased in price of food especially vegetables were so scarce that onions became a rich man investment.
So many opportunities in this lock down and many suffered as well.
There was also an immense increase of POS ( regularly called point of sales) where anyone can used debit card to make withdrawals right from homes since assessing ATM were difficult because of the lock down, many used the opportunity to gather money from transaction fee they accrued from this sales.
Famers also enjoy this period, there was increased in price of food especially vegetables were so scarce that onions became a rich man investment.
So many opportunities in this lock down and many suffered as well.
not everything is still running as usual but many have been forced to stop because COVID-19 has really made large and small companies into financial difficulties and were forced to fire their employees this greatly affected the work and development of the company, not a few companies went bankrupt due to difficulties. them to send goods abroad and it is even more difficult because it is limited and it quite affects the whole company.
Have you seen any changes in your working environment like these?
Here in our country, most office-based works now are WFH (work from home). They can lessen a lot in terms of travel and other spendings. They don't have also to go on long hours of traffic just to go to work.
While small business here now accepts a cashless way of payment so it's a lot more convenient when you buy on that store. I hope those things will be permanent or considered to benefit a lot of people even if pandemic is gone.
maybe yes or maybe no. There's no clear answer, only time can dictate the fate of the world in whole after this pandemic.
It is obviously yes. What the concern on this would be how long would it take for the economic progress to get back to where it was. Most of the developed and developing countries would sustain and economic progress would get back to normal as soon as the pandemic is over on their country but most of the 3rd world country will probably take atleast few years just to get back to where it was
The pandemic has had a very bad effect on the economy, many small businesses have been forced to close their businesses.
In fact, the purchasing power of the community has decreased, this is due to the higher number of unemployed people.
To make the economy run normally again, there is really no other choice waiting for the corona vaccine to be distributed.
As long as the spread of the corona virus still occurs, don't expect the economy to revive, so solve problems related to
the corona virus. Then the economy will rise by itself.
In fact, the purchasing power of the community has decreased, this is due to the higher number of unemployed people.
To make the economy run normally again, there is really no other choice waiting for the corona vaccine to be distributed.
As long as the spread of the corona virus still occurs, don't expect the economy to revive, so solve problems related to
the corona virus. Then the economy will rise by itself.
I don't know if you have read about AI and robotics. Maybe this article will help you https://time.com/5876604/machines-jobs-coronavirus/ . the pandemic has open way for exploration of other means through which work can be done with little or no human especially in some areas that can afford to lose workers due to amount spend out of the workplace. Giant companies are now exploring the possibility of robots to replace human work force in order to reduce downtime. The disadvantage of this is that unemployment will increase why to this company the robot can do much work with more precision than human. It is hard to believe that we will all have to compete with robot 
Well humans have been competing against machines for thousands of years, it is just that the machines we can build in this era are coming straight out from sci-fi books, as you say while there is going to be innovation this is also going to affect many industries, for example where I work I was always pushing for our company to allow us to work from home since for the most part our job could be done online, they accepted two years ago, so when the pandemic hit us most of the personal was already working remotely so our activities were not affected, but now that they understand the value of remote working they have no reason to have such a big office so they are reducing it and I am sure many companies are going to do that as well affecting the value of real estate in the process. The pandemic will surely bring great economic progress for some countries specially for those who were able to produce massive amount of trial passed vaccine.
Sure money for real. Those who will produced the vaccines first and have much higher percentage of approval will difinitely gained from this situation.Quote
For the third world countries who weren't able to handle the covid situation well will be the one who will suffer a lot in the future.
Will continue to fall as collapse may take place if the government won't be able to handle things properly.Quote
They ended up in huge debts so it is understandable why their economy will fall down a lot more harder compared to their current status while the pandemic is still active.
That's how thing will turned to, as having difficulty to control the economy, they will ended up asking for more loans.Quote
Maybe, in general, the world economy may improve a lot after the occurence of this pandemic but some will stay unfortunate for sure.
maybe yes or maybe no. There's no clear answer, only time can dictate the fate of the world in whole after this pandemic. 
The pandemic will surely bring great economic progress for some countries specially for those who were able to produce massive amount of trial passed vaccine. For the third world countries who weren't able to handle the covid situation well will be the one who will suffer a lot in the future. They ended up in huge debts so it is understandable why their economy will fall down a lot more harder compared to their current status while the pandemic is still active. Maybe, in general, the world economy may improve a lot after the occurence of this pandemic but some will stay unfortunate for sure.
So far only 4 vaccine have passed the phase III trials - vaccines from Pfizer-BioNTech, Moderna, Gamaleya and Oxford-AstraZeneca. None of these vaccines are priced at astronomical levels, and this means that any potential monetary benefit for the source country is going to be quite limited. However, it can help them in the long term, as the reputation of the medical research facilities in that particular nation improves.
Not only seeing, but I personally feel the synergy and enthusiasm that continues to grow to build the economy again and better in the future, with the experience of the current pandemic we learn a lot of new things that are more organized and efficient.
Actually this Pandemic teaches us a lot in terms of having savings as well how to run business and improve the economic despite of Pandemic. Many experience loss but see its as opportunity to gain more in the future. It's like planting the seeds now and make it grow in the long term as we already learn the importance of being able to recover from loses and goal is to sustain and survive as well grow despite Pandemic still exist. Jump to: