The Future of Work Automation After a Historic Downcycle Written by Patrick on March 30, 2020

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  • mohe says:

    I think we are seeing a surge of interest in employment law with major impact for disability and caregiver populations. Long standing problems are announcing themselves with huge magnitude for a much larger proportion of the population. I think people recognize how work paradigms have changed over the last 20 years when employers had so much bargaining power because of a poor economic environment. Sometimes I wonder where/how all the productivity increases from the tech boom in the 90’s materialized financially. When the economy started to suddenly improve recently, I think that a lot of employers were still stuck in the economic downturn paradigm. We didn’t have much time for the perspective shift to take place once employees started gaining economic bargaining power. I think a gradual shift back into the workforce will not produce the economic boom that might otherwise occur if there was a sudden development of a vaccine. Second waves of the virus will be highly disruptive to individuals risk analysis and it will create disjointed and unclear economic movement that will throw the market off. As long as people perceive risk associated with working, the economy will demonstrate instability. Any observable benefit to productivity that might otherwise been visible, in association with a remote workforce, might be hidden because people are distracted and caregiving and becalmed. If we could guarantee a vaccine within 5 months, I think there might be much better economic results from simply waiting until risk was eliminated and then starting everyone up on the same page – bypassing the uncertainty and instability. But, that is unlikely to occur.