Economic Recovery

Some states are reopening, and some are extending lockdowns. Either way, the future of the world’s biggest consumer economy looks shaky at least. With this point universally understood, the chairman of the Federal Reserve, Jerome Powell, has stepped in to say that the Fed is prepared to print as much new money as needed in order to stabilize the economy as it currently stands on unstable grounds. According to The Washington Times, “Federal Reserve Chairman Jerome H. Powell said Wednesday that Congress might need to spend more on coronavirus relief to pull the nation out of an economic crisis that has cost more than 20 million jobs.”

For millions of Americans and people all over the globe, this has been a period of not only incredible stress but also some much-needed self-reflection. While innovation and advances in digital and remote work have been changing the way our modern workforce communicates and accomplishes work, this current pandemic has potentially sped up the rate of which many jobs afterward will be accomplished either by employees working from their home, or will be outsourced to machinery and software completely.