Remote work can also take a lot of time and effort.
A big plus of working remotely is that you don't have to commute to and from the office every day. This saves a lot of time. Also, you won't have to follow a dress code by spending money on expensive suits and ties.
However, work is work, you need to spend your energy and attention on it. At the same time, the more people looking for work on the Internet, the higher the competition.
And this means that employers will reduce wages and put forward increased requirements for the qualifications of workers.
Yeah, the competition for remote jobs can be high, which may lead to lower wages and increased qualifications for workers. When large economies suffer, it can have a ripple effect on smaller economies that are heavily dependent on them, such as many African countries. This is because they often rely heavily on exports and imports with these larger economies and any negative impact on them will affect them as well. It highlights the importance of diversifying the economy in order to reduce the dependency on one specific market.
Overall, while the internet and technology have provided a lot of opportunities and tools for people to find and keep jobs during a recession, it's important to consider the potential challenges and downsides as well.