Recently there was an interesting article in The New York Times entitled, “The Pandemic Depression Is Over. The Pandemic Recession Has Just Begun.” So where does this leave us? It is safe to say that this is not the first time there has been major economic and social disruption in the history of this republic.
After WWII, we went from over-employment of women (during the war effort) to under-employment of this demographic group when returning veterans took back important jobs held by women. But those jobs (75-80 years ago) for the most part do not exist today as we move into the 4th industrial revolution. Over this time frame, we have moved from a heavy manufacturing economy to a technology and service industries economy.
A new economy requires new thinking and new agility