In India, ceased operations of most of the businesses due to the imposed lockdown made the job security of innumerable people from the informal sector questionable last year.
A few things which have been incorporated in global workforce during COVID-19:
- Rise of remote work
- Virtual business interactions
- Rapid deployment of artificial intelligence
According to a report by Mckinsey, these all things will reshuffle the job requirements in the economy and over 100 million workers will have to find a new job globally by 2030.
However, Indian workforce might be lesser impacted with this change as 35% to 55% of the country’s workforce is associated with the outdoor production and maintenance arena, which includes construction sites, farms, residential and commercial grounds, and other outdoor spaces.
A few long-term effects of the pandemic:
- Lesser availability of low-wage jobs.
- Greater need of upskilling to find work with higher wages that require more complex skills, such as jobs in health care, technology, teaching etc.
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