Need of the Hour : Tackle Joblessness

[fiulpro]

I do think we already know that America is one of the most influential and at the same time well off countries in the world but despite this fact the economic impact of the pandemic did some drastic changes there. The Americans have reported having millions of jobless people in their country alone.  MILLIONS! According to the data 9.9 Million people are jobless in America ( it was 1.2 million at the start of the pandemic)
Data is taken from here: https://www.nytimes.com/2021/02/05/business/economy/january-2021-jobs-report.html

Now I am worried about American economy for sure. But the people do have access to stimulus bills from the government which is not even low to be honest. The government does have money but they are not using it right. They should invest more in setting up new generation environment friendly factories with zero waste emission in small small towns and employee people , but let's leave it at that... What should we be more worried about ??
About countries like : Africa, India , why is no one talking about them ? Media coverage does not include the underdeveloped and the developing Nations. With the rise of the new Variant the graph might overshoot again let alone the studies of long term health problems of covid scare people but we do need : JOBS

Government has to create Job opportunities for the people!
They can get sustainable benefits from the same since import export can be avoided if people started production at their home country. We might need a new industrial revolution but this time should be more sustainable ofcourse.

{small note: Kudos to the bitcoin community in helping provide jobs through Campaigns and competitions , there is always something available in the service section }

People are talking about stimulus.
But who will talk about the joblessness which is spreading like a disease far more destructive than COVID.

Should the developed countries try and go for industrialization? Let's discuss!

[zanezane]

The problem with the joblessness in America is that they are the cultural melting pot which means that a lot of people from all over the world are dreaming to go and work there especially the people that comes from poor countries and it is not their fault that they dream that, that was the American dream that was advertised. Another problem is the racism that is slowly rearing its head, it doesn't necessarily affect joblessness but there are American citizen that have different ethnicities and people are slowly regressing back to the dark part of their history dooming to repeat it, meaning that discriminating in job application and workplace itself becomes more prevalent because racist people was given a voice because of the Internet. But the biggest problem of them all is the systematic abuse that the 1% of the population are doing, making a big progress on automation without considering the displaced workers, salary is still the same for almost 12 years or so, tax write offs and being so privileged.

[palle11]

American seem like the picture of world focus but many countries are worse in the effect of covid-19 on the economy and people. Many countries were already facing 50% level of unemployment, underemployment and joblessness and their government are confuse about it and not understand what can be done to help the people.

America government is proactive and Biden has continued from the stimulus package to the people which is still the best thing to do while taking other solution to create employment. I'm sure the situation in American unemployment situation will take a new positive direction in little more time.

[aoluain]

The COVID-19 Pandemic had and is taking a toll on small to medium employers.
Many of which have been forced to close and will unfortunately not re-open
when things get back to some form of normality.

There is a big shift from people visiting physical stores to shopping online which reduces
the need for people to be employed. Stimulus packages can only go far because I
suspect online shopping will continue to be the norm.

[Mauser]

These are astonishing numbers and have me worried now as well. How can the numbers be so high but the economy is not yet in full downswing? There seems to be a divergence between the real economy and the stock market. How can we have stocks near their All time Highs while on the same time jobless numbers are rising so high. I think it is time to for us to protect our investments. We should look for some hedge to protect us in case the stock market follows down the economy. 

[fiulpro]

These are astonishing numbers and have me worried now as well. How can the numbers be so high but the economy is not yet in full downswing? There seems to be a divergence between the real economy and the stock market. How can we have stocks near their All time Highs while on the same time jobless numbers are rising so high. I think it is time to for us to protect our investments. We should look for some hedge to protect us in case the stock market follows down the economy. 

I like to think of this as *Hidden crisis*

The economy is in a state of crisis but people try to stretch it as far as I can , but how do they do it without the dollar collapsing?

They use the reserves , so the rich county will have more elasticity.

When we are thinking about the situation In America we get to know that stimulus is far too big to not have been affecting dollars but experts believe that the value of dollar will go down by 20-30% this Year , the people in the stock markets have stopped using USD as a reserve. There are many countries like Ukraine who hold USD as reserves , the private banks were advised to sell off all there USD to protect their own currency so I think the worse the situation is going to get the harder it will collapse but it might be too slow to notice.

I think we don't just have to protect our investments but we have to stop spending things on irrelevant things. We have a saying in our homeland "drop by drop is what makes the ocean"

Stocks are high because they are trading frantically during this time getting benefited from the low price of stocks ! But they are also pumping it up indirectly.

[Vatimins]

     I really do sympathize with this post. There truly is a big need for jobs and other alternative ways to earn money specially in the underdeveloped and developing countries all over the world. If nothing is done about this, the world will be in chaos. Governments should be more considerate with the people they are governing. People are dying and not only because of the virus itself but also with the economical damages that it brings. Although everyone has a responsibility to help themselves, it is very hard for most of the people to really do something because of restrictions or the lack of resources and opportunities. If only every elected government official are both smart and compassionate.

[cabron]

Are they already industrialized?  Among the top countries that have the biggest emissions are US and China, which makes it easy to figure there are manufacturing companies running.  They were greatly affected by the virus because there is just too much liberty given to people there. Even the use of face masks has to be protested when the only they should just do is follow for their safety. When corona is over, the jobs will be back. Its a lot harder to lift the economy instantly, all countries are affected. Its not just US.

[justdimin]

There is actually quite a lot more, the 10 million number is just how many people applied for unemployment checks, that has always been the case how it is calculated, even if it is refused by some republicans and considered the only amount, the real fact is that 10 million people reported that they are unemployed, if you have no job but didn't reported that to anyone in anywhere, you are not on this list even if you have no job.

The sad part about the fact that Trump left this kind of horrible situation in USA's lap before he left is the fact that it is going to take more than even 4 years to clear this economical problem up and have a decent economy again, by which time I am 100% sure republicans will try to get back the control and destroy the economy once again, it is a never ending story that a republican ruins the economy, democrat fixes it and republican gets back and destroys it again, always been like that.

[sunsilk]

And there's one more problem that we will surely be worry in the future, automation and AI. Just with the recent news of Tech Mahindra, they're replacing their workforce with AI technology.

This is alarming while we're enjoying the innovation.

News: AI impact: Tech Mahindra to cut BPO staff by 5,000 despite rising revenues

Although there really are jobs that can't be replaced by AI but sure, a lot will be affected on this if it keeps going.

[Hydrogen]

In past years, the US government spent tax revenues towards outsourcing american jobs to nations like china.

Obama Administration Outsourced Jobs with Stimulus Funding

July 10, 2012

Obama’s 2009 economic stimulus spending law--the $787 billion American Recovery and Reivnestment Act--gave millions of federal dollars to foreign companies or funded domestic companies that built factories in foreign countries or bought foreign products.

For example, there is the North Carolina LED manufacturer Cree Inc. Cree was awarded $39 million through a stimulus-funded tax credit program in January 2010. However, half of the company’s employees are in China and the company opened a manufacturing plant in Huizhou City, China in November 2009, according to an article in the industry publication LEDs Magazine.

https://www.cnsnews.com/news/article/obama-administration-outsourced-jobs-stimulus-funding

Not many follow the news closely enough to have an accurate idea of current events.

Which makes it difficult for any form of real change to occur in the world.

[maybukaspa]

A lot of people not just in America have been put into a situation that they never thought would happen. Covid19 created a huge impact on the economy. Leaving a lot of people jobless, and that's devastating. It is necessary now that the government will focus their attention on how to develop better ways to avoid this unemployment rate increases, that'll hit the economy and the people of the country.

The leader of the country must hold accountable to its countrymen. That's one of the ways to save their economy. People are going hungry, getting sick, losing their businesses and job. They should help them, like giving economic benefits, food, and other financial assistance.

[ChiBitCTy]

I think you're underestimating how big of an issue/topic this currently is right now here in the United States.  The whole reason for the stimulus is due to job losses.  I also don't think that the media necessarily ignored underdeveloped nations, it's just not something that would normally be covered from day to day.  The US under President Biden is also taking climate change very seriously, rejoining the Parris Accord and other things of that nature...the Republican party cares very little about the environment, this is true, but now the Democratic party owns the house and senate and plan to make a lot of changes in this regard.

[DrBeer]

Covid19 inflicted the strongest economic blow around the world. Do not consider me a cynic, but the overall mortality rate cannot yet be called critically high and it is unlikely that it will increase significantly. It is comparable (about 2 million for the entire 2020) with mortality from seasonal viral diseases, alcohol consumption, smoking ... And it lags far behind the scale of regular mortality in the world from cardiovascular diseases, oncology, or the consequences of pollution of the surrounding country. But the distinguishing feature of Covid19 and the methods of its "containment" is quarantine, lockdown and similar measures that DESTROY business, often irreversibly. The question is whether the state has enough resources (to support citizens, business) and citizens (in order to live without their usual income, and the ability to resume their business)

[Twentyonepaylots]

COVID-19 is a big factor for this sudden uprise in the joblessness not only in the US, but for most countries in the planet. I'm pretty sure that with enough support from the government and with utmost cooperation from the people, US will be able to recover and take care not only of the mortality rate COVID-19 caused, but the joblessness as well.

Covid19 inflicted the strongest economic blow around the world. Do not consider me a cynic, but the overall mortality rate cannot yet be called critically high and it is unlikely that it will increase significantly. It is comparable (about 2 million for the entire 2020) with mortality from seasonal viral diseases, alcohol consumption, smoking ... And it lags far behind the scale of regular mortality in the world from cardiovascular diseases, oncology, or the consequences of pollution of the surrounding country. But the distinguishing feature of Covid19 and the methods of its "containment" is quarantine, lockdown and similar measures that DESTROY business, often irreversibly. The question is whether the state has enough resources (to support citizens, business) and citizens (in order to live without their usual income, and the ability to resume their business)

A pretty good and sound insight regarding the issue. However, what caused COVID-19 to be feared among the masses that they would rather lose business than succumb to the disease is how deadly it is since there is no known cure up until now, besides the fact that it spreads so rapidly.

[DrBeer]

COVID-19 is a big factor for this sudden uprise in the joblessness not only in the US, but for most countries in the planet. I'm pretty sure that with enough support from the government and with utmost cooperation from the people, US will be able to recover and take care not only of the mortality rate COVID-19 caused, but the joblessness as well.

Covid19 inflicted the strongest economic blow around the world. Do not consider me a cynic, but the overall mortality rate cannot yet be called critically high and it is unlikely that it will increase significantly. It is comparable (about 2 million for the entire 2020) with mortality from seasonal viral diseases, alcohol consumption, smoking ... And it lags far behind the scale of regular mortality in the world from cardiovascular diseases, oncology, or the consequences of pollution of the surrounding country. But the distinguishing feature of Covid19 and the methods of its "containment" is quarantine, lockdown and similar measures that DESTROY business, often irreversibly. The question is whether the state has enough resources (to support citizens, business) and citizens (in order to live without their usual income, and the ability to resume their business)

A pretty good and sound insight regarding the issue. However, what caused COVID-19 to be feared among the masses that they would rather lose business than succumb to the disease is how deadly it is since there is no known cure up until now, besides the fact that it spreads so rapidly.

Thank you for rating
From practical observations:
- I myself was personally ill with Covid 19 at the beginning of December 2020, I saw how many people are in the hospital (the state clinic 4 out of 5 floors was modernized to accommodate Covid infected)
- "audience" of cases 80% middle age and younger, 20% elderly people. Unfortunately, the most difficult thing with the elderly is age and chronic diseases.
- youth and middle age are the basis of very small and small businesses, the bulk of buyers of goods and services. The disease "knocks out" them from life for 1-2-3 months, some have consequences - this is another 1-3 months "out of the market"
So it turns out, like the mortality rate is not very high (once again I ask you to objectively treat my words), but the transition to the off-line mode for people is massive. And this, as you understand - stop business, this is not the fulfillment of a business plan, this is a shortfall in taxes by the budget, etc. economic problems...
And this will be repeated more than once - the virus mutates, because vaccines so far only work for a certain mutation (not complex).

[TedMosby]

-snip-

{small note: Kudos to the bitcoin community in helping provide jobs through Campaigns and competitions , there is always something available in the service section }

People are talking about stimulus.
But who will talk about the joblessness which is spreading like a disease far more destructive than COVID.

Should the developed countries try and go for industrialization? Let's discuss!

I live in a tourist destination area where almost 90% of the people here work in the tourism industry.
Covid hits us badly. I have to fully cover my family.
This forum means a lot for me and my family during this pandemic situation.
Thanks to this forum (especially for campaign and contest by Casineos, Betnomi, IOI Games, Roobet, Duelbits, and Winz) for becoming my "side-hustle" since September last year.
Since my first job is about crypto too, it means my family lives 100% from crypto for almost a year now.
However, I am still wondering, what I have to do next.

[jrrsparkles]

Stimulus should be used for food and survival not for investment because people who are really jobless may not use it for anything other than food and tackling the unemployment is a long time process and the stimulus is just a temporary solution and will do more harm to their economy in the long run.

[Ucy]

Well, I used to encourage the kind of things you want for the developed countries but recently changed my mind after having fair understanding why the society I'm currently living in behave the way they behave while being somewhat resistant to "change or new things". I learned alot from this behavior (or way of life) and its benefits in this pandemic period.
I won't be surprised if they are neglected by certain governments due to this way of life, or the governments do not understand how to develop them the right way without affecting a lot of the good part of the culture.

[DoublerHunter]

^ I probably think not only in the country of US, but most countries as of now suffered outrage job opportunities and they also cant create job since pandemic was still there. However, people have different ways to solve this problem and we are very lucky enough that we are here having an extra income, but if you will say that it becomes 100% to feed your family, I think not enough, better to find another solution. Nevertheless, industrialization can produce more open jobs for jobless people but we care about avoiding social physical contact, what are those? Probably related to online business.