BUCKLE UP! YOUR JOBS ARE GOING TO VANISH IN THIN AIR!

BUCKLE UP!

YOUR JOBS ARE GOING TO VANISH IN THIN AIR!

India is looking at a lock-down that will last a few more weeks and an economic burn that will last for years to come.

The day COVID – 19 hit the Indian soil, the country was doomed. The Indian Economy has been on the edge of depression for about 3 years. And COVID 19 has managed to give it a good old push down an endless spiraling pit. 

GLOBAL EMPLOYMENT

The uncertainty in the treatment of this Novel Coronavirus and the locally focused battle of 210 countries is bound to reset the global economy and how. 

All the developed and growing countries will spend the coming decade tacking the domestic unemployment created by COVID-19. Thereby, making it a part of their policy to hire local talents and eradicating outsourcing of services completely from the equation. Most developed countries will chase the domestic sufficiency thereby focusing their resources on indigenous businesses and manufacturing.

All those working for International Corporates be prepared to wish those highly paid jobs a teary goodbye.   

DOMESTIC EMPLOYMENT

One of the worst things about the Indian Businesses is the cutthroat profit margins that they operate in. Because of fierce competition in every single industry in India, the margins in majority of the businesses have been very low for several years now. Traditionally Indian Businesses (majorly MSMEs) drown their margins in order to keep the cash flowing in the business. This directly results in very low or negligible levels of reserves & surplus with the entrepreneurs, thereby making it impossible for them to pay salaries beyond a month’s time. 

With the overall slowdown almost half of the MSMEs, Start-ups, struggling businesses are going to be wiped out from the face of the earth with only negative capital (loans) left with the entrepreneurs. And there is not a thing that government can do for them.

Prepare yourself to be home for a good while if you are engaged with any of these “to be defunct” businesses.

Pretty sure that post COVID-19 era, the government jobs that were laughed upon once are now going to look much more lucrative than those high-flying corporate jobs.

SAVING THOUGHT

IT IS TIME TO GET BACK TO BASICS

One thing that this lockdown has taught is that humans really don’t need all the extravaganza to survive. Monthly groceries and vegetables won’t cost you much for healthy and reliable home cooked meals, alcohol is cheaper to drink at home, online workouts are better than the expensive gym memberships, unnecessary roaming around in the vehicles will only cost you for fuel, mopping your floor isn’t that bad tbh. Though one can live without cleaning those clogged up sinks.

Everyone needs to make all this the new reality even after the country opens. Living way within your means is the only sensible way forward for a few years to come.

Save up people and brace for impact!

Arjun C Vidyarthi