IS AN ECONOMIC BOOM LOOMING?

#EconomicBoom #coronavirus #COVID19 #FlattenTheCurve #MothersDay #WomenInWorkforce
Some experts are predicting a post-pandemic economic boom.
And, after we have just celebrated Mothers’ Day, experts are saying that women workers were hurt the most by the pandemic recession.
Fareed Zakaria predicted on his GPS show May 9, 2021, on CNN that he sees the beginning of an economic boom because of the COVID-19 pandemic subsides and things getting back to normal.
He said that the money put into the system through government aid packages, plus our learning how to do things differently because of the pandemic, is producing conditions that could send the economy soaring.
Certainly, we’ve seen signs of that as businesses reopen and beat the bushes to find help.
The aid has helped businesses and individuals stay afloat during the pandemic, allowing, as they get back to normal, for the potential to prosper.
Meanwhile, ABC’s “This Week with George Stephanopoulos,” featured a Mothers’ Day panel discussing how the pandemic recession affected women in the workforce.
One notable statistic from the recent jobs report says 165,000 women have left the workforce since the pandemic.
The panel, including Diane Swonk, chief economist at Grant Thornton, Lareina Yee, chief diversity and inclusion officer at McKinsey & Co., and Fatima Goss Graves, CEO and president of the National Women’s Law Center, discussed how women have had to make hard decisions and sacrifices during the pandemic.
As pandemic restrictions ease, the panel said the choices women have had to make was to go back to work – many cannot work from home – or stay home with their children, who may not yet be back in school full time.
The women also discussed how the trend of women leaving the work force has increased since 2000, well before the pandemic, largely because of a “care crisis” that leaves many with no one with whom to leave their children while they work.
As we watch these trends emerge, or continue, many of us will have decisions to make. If you are not seeing the potential for an economic boom from where you sit, you may want to look at other ways to earn an income – even one that could dwarf whatever income you could make at a job.
Or, if you are a woman who hesitates to go back to work because of child care or other issues, there are many programs out there that can allow you to earn a potentially sizeable income from your home, particularly as technology improvements make that task easier.
To check out one of the best such programs, message me.
Obviously, the economy’s performance will depend on whether the pandemic subsides enough to kick everything back into high gear.
It could also depend on whether resources could be provided to enable more women to work outside of the home.
It will depend on how many people get one of the proven vaccines against the coronavirus.
It will still be an individual decision on whether, and what type, of work you could return to. The good news appears that there are more options out there than anyone may realize.
It may also depend on whether you see yourself as an optimist or a pessimist. Here’s a hint: optimists are more likely to succeed.
Peter

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