Post
Topic
Board Economics
Re: Covid-19 effect on your country's economy!!!
by
Hamphser
on 01/07/2021, 18:57:31 UTC
There is no exception from the pandemic mate , I have been working in Home since 2020 but half of my co employees are being Lay Off because of cost cutting from out company , though they have been paid before termination  yet that won't be enough to feed their family as the country is still struggling and there are no available work to apply.

I hate the pandemic but just like every war there must be casualty , We are only lucky to stay working while others stopped or being kicked.

Let us all pray that this will end soon and everything will return back to what we are in the last 2 years of our life.

Well.. in the private sector, there is nothing like job security. You always need to worry about the layoffs, especially during such testing times. I am fortunate to be part of a private company that is not impacted by the pandemic. Since I am working from home, my expenses have reduced by around 75% and the savings have swelled. But I know that I am among the small minority which benefited from the pandemic. The vast majority have been pushed in to poverty, as a result of reduced earnings and layoffs.
For those people who had been affected then its really sad to hear out but there are indeed people who do save up even more with this pandemic situation and they hadnt really affected much despite of the situation
because not all are really working physically into those traditional businesses or companies that we do saw and since we are on digital age where most people who had been working online or from home
wont really get affected much on the situation.

It would rather vary though on what industry they are belong on of said company because there are companies which are essentials or much really needed on this time and some wouldnt really care as long the operation would continue despite of the situation.

Economy had surely been affected with this pandemic situation but we are coping on it somehow for most countries in the world which is already considered great.