On the U.S’s current trajectory, one of the most probable post-Covid future scenarios is stark austerity, where the government’s debt is so large, it takes extensive measures to avoid defaulting, like reducing government spending.http://read.medium.com/VcwvB9C
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For years after the pandemic ends, American cities and towns are likely to see untold scars of both COVID-19 and the depression-like recession. Many city businesses could be shuttered and even boarded up.http://read.medium.com/VcwvB9C
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Well-paying jobs, robust public transportation, concerts, museums, good schools, varied restaurants, boutiques, well-swept streets, and modern office space will be scarce. In this scenario, joblessness will be high, and many of the arts may go dark.http://read.medium.com/VcwvB9C
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Dining out may no longer be the main alternative to cooking at home, as many restaurants vanish. The winners will be companies like Amazon and Uber, Walmart, DoorDash, and Target, whose boom in delivery will grow at almost everyone else’s expense.http://read.medium.com/VcwvB9C
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Coronavirus has laid bare the fragility of globally stretched supply lines. Industry could return to the U.S. — specifically, some U.S. companies will want to bring factories to smaller cities and suburbs, as companies are likely to shun expensive cities.http://read.medium.com/VcwvB9C
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Some of the U.S’s most important companies have launched in hard times, from the late 19th and early 20th centuries (GM, IBM) right up to the last financial crash (Square, WhatsApp). This innovation will be hobbled by Trump’s immigration crackdown.http://read.medium.com/VcwvB9C
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The truth is, when the coronavirus crisis finally ends, the U.S. is likely to remain in the midst of its other crisis—the deep recession, whose roots precede the coronavirus, and economists say will likely linger far longer, perhaps for years.http://read.medium.com/VcwvB9C
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I’m going to be a college student soon (class of 2021 for highschool) does anyone know of majors that may prove beneficial during the predictable recession? My top choice right now is marketing.
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