Hello Friend,
The pandemic COVID-19 has killed tens of thousands of people around the globe in just a span of a few months and is still in the process of doing so, while those infected have crossed the million count threshold already.
Unfortunately, it is not only human lives that it’s been killing, but it is also laying waste to businesses around the globe. As lockdown has been imposed on several countries, the longer it takes, the greater the chance that the economy will collapse.
They say that human lives are more important than anything else. And of course, this is absolutely true.
However, while making sure of our safety, thousands of people can’t go to work and the majority of them can consider that they have lost their jobs already.
Why?
Because while severe containment measures will surely beat the virus, it’s with a high-cost – closing down economies.
If a business couldn’t operate during the lockdown, of course, there’s no revenue thus they won’t be able to provide paychecks to their employees who couldn’t go to work too. Workers have no money to spend on necessities and extras. It’s a “domino-effect”.
Some industries like Information Technology can still resume by making their employees do work-from-home, but there are still several industries like manufacturing that are not possible for this innovation.
Sadly, imposing lockdowns can combat the virus but it can cripple not just small but also big companies.
While the government is trying its best to provide money-assistance to its people, it may not be enough to survive while in lockdown.
And after the lockdown, what’s next?
For example, banks and mortgage providers are giving grace-periods for those who have mortgages, but once lockdown has been lifted, they will still need to pay the accumulated back-amount. So if employees won’t receive their regular paychecks, how will they be able to pay? How about those small businesses who are just starting, how will they pay?
You may call them and ask if they have flexible plans for this but still, the bottom-line is eventually you will still have to pay.
This and so many problems that people are going to face to survive after this crisis.
With this in mind, instead of panicking, why not try to think of something that you can do to have a steady amount of income amidst the pandemic?
While so many jobs have been crippled because of the lockdown, there are some that are arising due to surge of demand.
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