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Author Topic: Covid 19 protecting value of money  (Read 498 times)
bitgolden
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January 28, 2021, 09:52:41 AM
 #41

Not only that the covid pandemic has created an incentive for businesses to not hire people and instead try to automate most of their processes so even if things went back to normal right now many of those jobs are never coming back, so we are in a very interesting point in history as new technologies that in the past generated as many jobs as they destroyed seems like they will take way more jobs than in the past and this will create massive unemployment.
That is the bad side of the things we have right now, but we have to look at the good side as well which is remote working. The whole world learned that many jobs could have been done from home, and even though lockdowns are not a thing anymore, some jobs are still done at home, as long as it can be done from home why make people go to work?

It saves money for the company too and every worker would rather be at home too, so it is a win-win situation both for the worker and the company. Automation will destroy jobs eventually anyway, but remote work wasn't going to happen without covid, so we could say in the business world the biggest change was people who worked from home.

Automation on the other hand would have been done with higher and better tech anyway, we need to figure out how this increasing amount of population with decreasing amount of jobs available can survive, because it is not anymore and unemployment is record breakingly high all over the world.

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January 28, 2021, 11:07:38 AM
 #42

One way or another, today the government is not looking for other ways to overcome the economic crisis and is trying to save business by increasing the money supply. in any case, it harms almost everyone and not only business, but also an ordinary user. Based on this, coronavirus worsens the situation, but does not maintain parity in any way and value for money.

How could increasing the supply can help the economic situation? I don't think it's helpful to economy if the government will choose to do that since if they decide to increase the supply for sure the value will decreased and that would be a huge disaster to the country since they will struggle in the long run if these plans will be made by them. The virus really hit bad all the country but the only thing we can do to save the economy is to have a proper coordination in terms of protocols given, people should have discipline so that this virus will be controlled.

R


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January 28, 2021, 03:03:45 PM
 #43

Do you know that the rich also lose money? The more money will print the less money will be because the purchasing power has not been canceled. Is it okay that the more money is printed now the stronger inflation will be tomorrow? What are you talking about? Are you healthy or are you also infected and now you are trying to distract yourself from feeling bad by writing absolute nonsense on the Internet? Go sleep it off, for God's sake.
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January 29, 2021, 01:04:23 AM
 #44

No, maybe you are right, COVID-19 could protect their wealth, but actually it still increase the risk about their life if they get sick, even they could spend a lot of money for themself.
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January 29, 2021, 01:10:41 AM
 #45

Let us face the fact that covid-19 has caused great hardship in various countries. Maybe for the rich, they just don't mind but for the poor how are they?
This pandemic has a huge impact when it comes to the flow and value of money. You must be wise because if you don't, you will end to be miserable.
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January 29, 2021, 01:39:01 AM
 #46

Not only the rich, Bitcoin can also effectively deal with inflation and protect the assets in the hands of some people in small countries from being evaporated.
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January 29, 2021, 06:39:51 PM
 #47

Not only that the covid pandemic has created an incentive for businesses to not hire people and instead try to automate most of their processes so even if things went back to normal right now many of those jobs are never coming back, so we are in a very interesting point in history as new technologies that in the past generated as many jobs as they destroyed seems like they will take way more jobs than in the past and this will create massive unemployment.
That is the bad side of the things we have right now, but we have to look at the good side as well which is remote working. The whole world learned that many jobs could have been done from home, and even though lockdowns are not a thing anymore, some jobs are still done at home, as long as it can be done from home why make people go to work?

It saves money for the company too and every worker would rather be at home too, so it is a win-win situation both for the worker and the company. Automation will destroy jobs eventually anyway, but remote work wasn't going to happen without covid, so we could say in the business world the biggest change was people who worked from home.

Automation on the other hand would have been done with higher and better tech anyway, we need to figure out how this increasing amount of population with decreasing amount of jobs available can survive, because it is not anymore and unemployment is record breakingly high all over the world.
This is going to be the challenge of this century, I am sure governments are going to try to regulate this and force companies to not automate all their process and have a hiring quota but we all know that over the long term that does not work as companies will always find a way to hire less people than what they should on those quotas, to me there is not solution for this people will need to become freelancers and begin their own business if they want to get a job and that is not so bad in my mind.
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January 29, 2021, 07:27:55 PM
 #48

Of course, we can say that in a pandemic, cryptocurrency helps users improve their financial condition, given the current performance of the cryptocurrency market. Thus, a person who does not want to lose the value of their savings due to the depreciation of national currencies can buy one of the rated cryptocurrencies. But before doing this, a person must understand what he is doing.
The cryptocurrency market helped people who had money to invest during a pandemic but majority of the world population lives on daily wages and middle class and they cannot spare the money when they are in fear of loosing their job or business and it is evident that millions of people lost their job and business in the past one year and economy is not improving either.
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