Post
Topic
Board Economics
Re: returning to normal
by
drlukacs
on 03/05/2020, 06:56:18 UTC
there's a new narrative emerging that life will never return to normal after the coronavirus pandemic:

Quote
I don't think people realize that there is no normal to go back to anymore.

At absolute minimum:

1) Supply & demand has been reallocated across the economy, with travel & events zero'd out, remote work & masks to infinity
2) Virus permanently changes public behavior
3) Supply chain disruption just starting


what do you think---are entire industries about to disappear because of the pandemic? will some aspects of the economy and general life irreversibly change after this?

I don't think it will be so badly affected. That's just the negative thought of some people about this world. everything is just halted and when the epidemic is under control everything will be back to normal and even more active than ever. The workers are now waiting for the day of social isolation to return to work. People are expected to have jobs and money. so I believe that there is no disappearance in some industries. This is just a temporary stop.