In the article they talk about the many concerns that the chair of the Federal Reserve, Jerome Powell, has about the long term effects of the coronavirus. He says that he is worried about the long term affects on the children who are not getting the proper education due to the pandemic and the many business owners who have struggled as a result of the pandemic.
He also asserts that although we are recovering, our economy will not go back to what it was before the pandemic. Instead he believes that the new economy we are transitioning into will have an emphasis on technology. We have seen this through the adaptation of Zoom into the work environment. Powell believe that this new shift towards technology will make it even more difficult for some workers to get back on their feet.
I agree that this new focus and use of technology in the work environment will definitely affect lower skilled workers who are also often people who struggle financially.
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