The quarantine measures for coronavirus pandemic was an apt measure to control it. However, its impact already has been obvious to the whole world from an economic perspective. Quarantines travel bans, and home-stay resulted in a decline in consumer spending. Many businesses are operating at a loss. While many startups are struggling to close. These factors are resulting in unemployment and unemployment terror. The coronavirus yet not came under quite good control. So at least a kind of quarantine will stay now, at least for the rest of 2020. It is assumed that, except the banking sector, the rest of the global economy will not recover till mid-2021. That is quite horrible to think and most horrible to the peoples who are facing the loss of a job or apprehending such. Think about the billions of IT workers in the US, UK, India and China where the technology industry will hardly escape the turmoil. While the has changed the way the businesses work pushing remote work and consume digital content, the digital content creators are also facing loss because the production and purchase of the physical product are declining. COVID-19 is driving agile collaboration but with a distorted economics, the question becomes of assumption of profit.
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Why the Post-Quarantine Era Will Be Different?
The eCommerce businesses are facing an increase in online orders but not all kind of products are selling when the Brick-and-Mortar businesses are drying up. The sell of various gadgets is drying up. This is affecting the respective businesses.
There were various plans such as rolling out 5G to build more efficient network infrastructure, sell more units of 5G smartphones and boost the IoT things. Coronavirus pandemic has completely paused such dream. It is true that there is a definite rise in e-Learning, teleconferencing and telemedicine but these measures are mostly driven by the need, not by choice. It is quite likely that the retention rate in these segments will not be very high.
Superficially, it appears that the IT sector will face growth, but the present trend was the digitalization of the businesses and involving big data analytics. The pandemic has blown a hammer on all kind of industries resulting in a possible decline in demand for different types of software including the common CRM software. Not all of the IT employers have a permanent job or a secured position. Some of the employees are immigrants trapped in a working country or the home country.
How Can the Employees Think About Self-Employment in the Post-Quarantine Era?
While the companies around the world are figuring out how to transition to work from home, many of the employees are thinking about self-employment. Neither every job has the luxury of such a possibility, nor all the workers have the required skill or the age of transition. Also, not many peoples find remote work opportunities a lucrative option. It is probably easy for the many to fall into the scams. Despite such risks, there is definitely am emergence of many new opportunities in today’s world. There are various works such as working as a virtual assistant, becoming an online tutor or a freelancer coder or designer which involves a little risk. There are many websites we have mentioned in this website which helps the freelancers working as remote workers such as Indeed, Remote, Upwork, Tutor Me, Skooli, Fiverr and so on. Making an extra $500 a month would be the best one can do with little preparation. To scale up the earning, you should be willing to invest time and money. Reading the tips for quarantine may help some of the readers.
Are All the Employees Are at Risk?
Definitely not. The industry depends on China in different ways such as production facilities. Companies which outsource IT services with facilities in Asia are already struggling. Many of the companies will start to rethink their hiring policies and technology partners. Various factors from real life across the globe at least affected the way we do a job or run business. Any employee should calculate own risk.
We can see how different factors can affect the natural predicted growth of the IT industry. While the upcoming era is a horror to most of the temporary employees, we have tried to point towards some of the economical solutions we are aware of. It is not easy for everyone to become a professional blogger or internet marketer. We believe that the peoples of the sector are hardworking to find a way for a backup. Many parts of the IT industry is dependent on other industries and balanced economics. The Coronavirus pandemic has changed the pattern of lives of the most houses across the globe. We can expect that the governments will revamp the public healthcare systems, and involve the technology companies in nation-wide projects for different initiatives. We expect that cloud computing will see another boost out of the need.