Some say the economy will ‘bounce back’ when a vaccine for the coronavirus is discovered in the next year or two. I suggest the damage to employment will be long term.
Before I started getting people work as a resume and cover letter writer, I did graduate work in organisational systems. I looked at how organisations function. Looking at the fallout from the Coronavirus, it may be wise to update your resume to get any sort of work.
The New York Times states that in the last three weeks, 16 million U.S. workers filed for jobless benefits. About 6.6 million people filed for unemployment benefits in the last week alone. International trade is down 30 per cent.
In Australia, net debt is now around 19 per cent of GDP and will swell to 30 per cent, with the government owing a record $850 billion in gross terms.
Even so, the effects of the virus on the economy has created more work in healthcare, in supply chains such as delivery drivers and warehouse supervisors; software developers and cyber security experts; nannies and tutors and diesel fitters and auto electricians, truck drivers and machine operators in the mining sector.
Update your resume now.