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Author Topic: Pandemic will bring more economic progress in long-term...  (Read 702 times)
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December 10, 2020, 05:31:08 PM
 #21

We have seen a lot of companies changing procedures and implementing more radical ways of doing their work.
Businesses have adopted new processes and technologies—and there are signs that they may pay off in the future. The pandemic and COVID-19 era could give a rapid productivity growth after the vaccination of the global population is going to end or reach a significant percentage.

Remote working and new systems that help companies being better organized are what businesses struggled a lot to adopt in the beginning of the pandemic. Now this kind of investment is going to pay off.

My company made a huge investment in adopting systems such as remote meeting places, cloud systems that help organizing documents and a way of eliminating paperwork... I believe that this is going to increase the productivity of the employees especially if those go back to work.

Have you seen any changes in your working environment like these?
This is very common while in the short term people were unprepared to face the crisis over the long term this brings growth as people find ways to overcome the crisis with new knowledge and technology, one of those examples is the vaccine and the pharmaceutical industry, vaccines take years even decades to develop and even if it seems as if it has been ages this vaccine was developed in record time, so if this happen again the pharmaceutical industry will have already protocols in place to develop a vaccine even faster than it did this time around.

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December 10, 2020, 05:32:25 PM
 #22

Huge and even smal businesses nowadays have learned how to adjust just to deal with the pandemic situation right now. They have considered the situation of customers as well as the welfare of their employees by adopting the changes by switching from mostly physical through online transactions. It helped the economy recover and survive and it's a good thing that we're all starting to adopt and see it as a normal thing.
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December 10, 2020, 09:13:57 PM
 #23

Since I am working in the human resource department of our company specifically in recruitment, I have seen a lot of changes caused by this pandemic where we do interviews over the phone, conduct panel interviews through MS Team, zoom, or Webex.

The employment contract is being sent through email including pre-employment requirement are also sent through the same channel, employees are still required to wear mask and face shield and need to have a bottle of alcohol. Though these changes in my work environment are also implemented in the other industries and for some reason, I find it ethical not for ourselves but to others as well.

I could consider that because of this pandemic people are now voluntarily or force to move on a different stage of technological adoption which could lead to a progressive economy in a later time

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December 10, 2020, 11:44:51 PM
 #24

Since I am working in the human resource department of our company specifically in recruitment, I have seen a lot of changes caused by this pandemic where we do interviews over the phone, conduct panel interviews through MS Team, zoom, or Webex.

The employment contract is being sent through email including pre-employment requirement are also sent through the same channel, employees are still required to wear mask and face shield and need to have a bottle of alcohol. Though these changes in my work environment are also implemented in the other industries and for some reason, I find it ethical not for ourselves but to others as well.

I could consider that because of this pandemic people are now voluntarily or force to move on a different stage of technological adoption which could lead to a progressive economy in a later time

Indeed, this pandemic brought positive effects without us knowing this will happen. As we go digital to avoid contact with other people or to avoid using cash, adoption with new digital platforms is here. And as such, crypto adoption is among them. Maybe this is the reason why many big companies are looking into crypto investments. Our age is going digital and crypto is just the right fit.
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December 10, 2020, 11:57:35 PM
 #25

Yeah, the pandemic greatly affect with regards to economic status and development of every country. Because of this pandemic other businesses are now adopting the new technology and digital currency. But whatever the pandemic brings to us, hope that it will end soon, so that while accepting the new digital system, we can also go back to normal slowly.



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December 11, 2020, 02:35:01 AM
 #26

I figured we'd be almost back to normal life by now, but in the US at least it looks like everyone is freaking out even more about COVID-19.  There have been several local businesses that have closed for days--and for unknown reasons.  Masks are starting to be enforced in stores, and people are getting really salty.
back to normal!! It is true.. In my country, COVID-19 is not even feared anymore, many people even say "does Covid-19 exist?".  Many citizens are no longer wearing masks and government enforcement of health protocols is loosening..

This description makes it sound like a hellhole, but about half the United States fits this description. Imagine running out of hospital beds in the richest, most technologically advanced nation in the world and still having a significant portion of people and politicians attempting to downplay the severity of the pandemic. Sometimes I'm sure that America doesn't deserve first-world status and it's because of things like this.

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December 11, 2020, 02:48:36 AM
 #27

In this pandemic we must see the advantages and the things that must be improved.

Advantage:
1.- People no longer spend huge amounts of time commuting from home to work.
2.- The productivity of companies have grown.
3.- New ways of doing business have grown or will be created (the Internet is growing in demand).

Disadvantages
1.- People have longer hours of up to 12 hours or more per day. Mainly in underdeveloped countries and there are no clear work rules.
2.- Problems in homes due to coexistence that previously did not exist in the psychological field.
3.- Unemployment worldwide.

We can comment on other points, what is a reality is that this is here to stay and we will have to evolve and guide efforts to improve using current and new technologies.

The law of life, you evolve or you are simply forgotten.

Regards,
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December 11, 2020, 06:11:50 AM
 #28

What I am really excited about is the fact that remote work is seen as something totally doable right now, and that is something marvelous because if we can manage to keep people at their homes and work from there for many jobs in the world that can be like that, we could actually have a lot happier world as well, and probably less expense too, and less transportation.

These are all amazing advancements in the world that could make things a lot better. Obviously we have seen companies recalling people right away to work just as the laws allowed in many nations, which shows that even though we have managed months without going to work without a problem, CEO's still do not get it, they are still idiotic old dinosaurs that wants it their way, but with younger people getting management positions, I think we could probably get better.

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December 11, 2020, 07:07:22 AM
 #29

Pandemic has shattered the economic situation around the globe. The impact is being felt upon the individuals and over all class of people. To overcome the same people struggled, as everything happened within a very short time period. Now people have learned better out of the pandemic. This has made people to be better than before in terms of investments, savings and living standards. During the pandemic more entrepreneurs have got emerged, which also plays big role in the economic progress in the long term.

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December 11, 2020, 07:55:18 AM
 #30

Companies that have switched to digital in this pandemic will experience an increase in sales volume. Because now more people are applying physical distancing during Covid-19. Companies are moving from the traditional way to this digital way, of course initially because there is an emphasis from pandemics. It requires every company to make innovative new breakthroughs, in order to remain productive. And workers can still make money to maintain life, despite the application of physical distancing, but they can work from their own homes. This advantage saves more cost, effort and time.
That’s how ultimately today we’ve seen a lot of companies changing procedures and implementing digital ways in their businesses.

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December 11, 2020, 09:00:23 AM
 #31

I figured we'd be almost back to normal life by now, but in the US at least it looks like everyone is freaking out even more about COVID-19.  There have been several local businesses that have closed for days--and for unknown reasons.  Masks are starting to be enforced in stores, and people are getting really salty.
back to normal!! It is true.. In my country, COVID-19 is not even feared anymore, many people even say "does Covid-19 exist?".  Many citizens are no longer wearing masks and government enforcement of health protocols is loosening..

Whatever the pandemic brings, I'm just hoping there's an end to it soon.  No country can afford to keep locking businesses down; it'll cripple any economy, and fast.  The good news is that the vaccine is being manufactured and distributed (last I heard in the UK), so hopefully that will ease people's fears.  Long live bitcoin, death to COVID-19!!
the news about vaccines is a very hot topic at the moment.  hopefully, it won't have long-term side effects on the human body..
I don't know where you belongs to. In my country, the affected and died people are equally increasing gradually. Nowadays people can't maintain lockdown because of their daily needs. For economic purposes, government can't be strict more.

After the pandemic situation, the another economic revolution will come hopefully. Because people are waiting for this moment when the vaccine will vanish it

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December 11, 2020, 09:25:32 AM
 #32

grats to your company . they arent scared to take risk on those investment because they believe that its going to help them and infact without this, companies may struggle from going back on their work because of the obstructions caused by the pandemic . i never worked for a real company ever since the start of covid pandemic but i can notice that most companies and business now around me are using the power of the internet or being online . pandemic brings innovation but more progress will be achieve once pandemic will end
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December 11, 2020, 09:27:27 AM
 #33

I don't know if you have read about AI and robotics. Maybe this article will help you https://time.com/5876604/machines-jobs-coronavirus/ . the pandemic has open way for exploration of other means through which work can be done with little or no human especially in some areas that can afford to lose workers due to amount spend out of the workplace. Giant companies are now exploring the possibility of robots to replace human work force in order to reduce downtime. The disadvantage of this is that unemployment will increase why to this company the robot can do much work with more precision than human. It is hard to believe that we will all have to compete with robot  Grin
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December 11, 2020, 09:44:14 AM
 #34

We have seen a lot of companies changing procedures and implementing more radical ways of doing their work.
Businesses have adopted new processes and technologies—and there are signs that they may pay off in the future. The pandemic and COVID-19 era could give a rapid productivity growth after the vaccination of the global population is going to end or reach a significant percentage.

Remote working and new systems that help companies being better organized are what businesses struggled a lot to adopt in the beginning of the pandemic. Now this kind of investment is going to pay off.

My company made a huge investment in adopting systems such as remote meeting places, cloud systems that help organizing documents and a way of eliminating paperwork... I believe that this is going to increase the productivity of the employees especially if those go back to work.

Have you seen any changes in your working environment like these?

I have seen similar behaviour at my workplace. In the last 6 months management, closed down a hole floor of office space. Instead of having a fixed desk now, we switched to a more mobile version, where everyone is sharing the desk. Since most people are working from home these days, we are only 1 day per week in the office and then switch around the desks.
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December 11, 2020, 10:33:44 AM
 #35

We have seen a lot of companies changing procedures and implementing more radical ways of doing their work.
Businesses have adopted new processes and technologies—and there are signs that they may pay off in the future. The pandemic and COVID-19 era could give a rapid productivity growth after the vaccination of the global population is going to end or reach a significant percentage.

Remote working and new systems that help companies being better organized are what businesses struggled a lot to adopt in the beginning of the pandemic. Now this kind of investment is going to pay off.

My company made a huge investment in adopting systems such as remote meeting places, cloud systems that help organizing documents and a way of eliminating paperwork... I believe that this is going to increase the productivity of the employees especially if those go back to work.

Have you seen any changes in your working environment like these?

I have seen similar behaviour at my workplace. In the last 6 months management, closed down a hole floor of office space. Instead of having a fixed desk now, we switched to a more mobile version, where everyone is sharing the desk. Since most people are working from home these days, we are only 1 day per week in the office and then switch around the desks.
That is happening in many companies and offices because they must follow the health protocols.
Maybe that is the only way we can do this pandemic, but I am sure that future situations will not be the same.
We need to follow the government's suggestion for our safety, and maybe there are benefits that we can get behind this.
But I think in some places, while they follow the health protocols, they can back to their office, but they still need to have distance between the other employees.
These changes happened in the government office.
People need to queue and wait for a while to get services from the officers.

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December 11, 2020, 12:19:12 PM
 #36

It is hard to believe that we will all have to compete with robot  Grin

That is the fact, humans will never be satisfied with what has been achieved today. AI that is created by humans often presents challenges to humans themselves. Providing efficiency or maintaining old traditions. The pandemic provides an opportunity for AI to take over some human jobs. Even at the end of this pandemic, it could accelerate AI to exist and compete with humans. In the next 10 years there will be many types of human work that are lost and replaced by AI, if we don't repair and upgrade ourselves, it is very possible that you will not be able to compete with the results of human creation itself.
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December 11, 2020, 01:07:20 PM
 #37

It is hard to believe that we will all have to compete with robot  Grin

That is the fact, humans will never be satisfied with what has been achieved today. AI that is created by humans often presents challenges to humans themselves. Providing efficiency or maintaining old traditions. The pandemic provides an opportunity for AI to take over some human jobs. Even at the end of this pandemic, it could accelerate AI to exist and compete with humans. In the next 10 years there will be many types of human work that are lost and replaced by AI, if we don't repair and upgrade ourselves, it is very possible that you will not be able to compete with the results of human creation itself.
Today we do not live in a very easy time, because in one way or another vulnerable groups of the population suffer, which are already on the brink of survival, since social guarantees are very weak, and salaries are not always enough even to pay for utilities. In this case, high technologies can also harm these people, since it is High technologies that will replace these people who are in a difficult situation today. The world will undoubtedly succeed in improving production technologies, but how will the daily problem of millions of people be solved?
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December 11, 2020, 01:25:53 PM
 #38

The pandemic made people adjust to different ways that are much efficient and safer while we are still facing the threat of the virus. The good thing about these changes is we saw other alternatives that we can still continue to adopt even after the pandemic because of its convenience. And thanks to technology, the economy can still continue to function even when there's a crisis. Though there are some limitations since it does not apply to everyone, some employees find it practical when the nature of their job can be done through remote working.
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December 11, 2020, 02:17:32 PM
 #39

We have seen a lot of companies changing procedures and implementing more radical ways of doing their work.
Businesses have adopted new processes and technologies—and there are signs that they may pay off in the future. The pandemic and COVID-19 era could give a rapid productivity growth after the vaccination of the global population is going to end or reach a significant percentage.

Remote working and new systems that help companies being better organized are what businesses struggled a lot to adopt in the beginning of the pandemic. Now this kind of investment is going to pay off.

My company made a huge investment in adopting systems such as remote meeting places, cloud systems that help organizing documents and a way of eliminating paperwork... I believe that this is going to increase the productivity of the employees especially if those go back to work.

Have you seen any changes in your working environment like these?

Its really notable that some companies did expect things to happen this way and their response are really commendable. They are willing to create a system in which their workers would have a safe environment to work and be worry free of the ongoing pandemic. This type of things would really boost the credibility of the companies that are doing the necessary steps to keep their company alive.

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December 11, 2020, 03:43:03 PM
 #40

Huge and even smal businesses nowadays have learned how to adjust just to deal with the pandemic situation right now. They have considered the situation of customers as well as the welfare of their employees by adopting the changes by switching from mostly physical through online transactions. It helped the economy recover and survive and it's a good thing that we're all starting to adopt and see it as a normal thing.
The problem is that while they adopted new methods but now as things are coming back to normal they are actually going back to the normal work module.  There are companies who are calling back their employees to work from office as they used to work from home, now they feel like added pressure and I am not against working from home or office but it tells us that the newly adopted methods were only temporary and the new approaches made were only forced instead of adopted.

The real change will come when these companies and the employees take initiative and bring these new work module in work without any condition or situation forcing them.
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