Post COVID

My last blog talked a little bit about the uncertainty of the future and I want to expand the topic. In my opinion, the U.S. economy is heading into frightening times due to coronavirus. During this quarantine alone, an estimated 15 million Americans have lost their jobs and are considered unemployed. This number will be hard to repair as employers who relied on their businesses to pay their bills will be dipping into emergency funds and will eventually be unable to pay remaining employees.

https://www.nytimes.com/2020/04/16/business/economy/unemployment-numbers-coronavirus.html

More Than 3 Million Americans Lost Their Jobs Last Week. See Your ...

The world was unprepared for this horrific turn of events and will be in recession for a never-before-seen amount of time. If current circumstances continue, there will be an overwhelming increase in crime rates, looting, and unethical business transactions that will ruin the country entirely.

I think counter-cyclical businesses (like those of cleaning supplies) will continue to thrive in the new “normal” because people will be more conscious of health safeness and businesses/institutions will implement mandatory health precautions. That side of the future might not be the worst thing to happen. Because of these horrible times, people finally (and hopefully) learned how to properly wash their hands and sanitize their surroundings.