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In COVID-19's Wake: Opportunity for Change

In COVID-19's Wake: Opportunity for Change

Across the United States, people are itching to get back to work. Since lockdowns went into effect mid-March, some 33.5 million jobless claims have been filed. In the first quarter of 2020, gross domestic product (GDP) shrank 4.8%, and that’s given nearly two months of relatively normal circumstances in January and February. On top of that, 7.5 million small businesses in the US are at risk of closing permanently.  

In this grim reality, it can be hard to find any positives, but there are some. For instance, as far as layoffs and unemployment go, 97% of workers expect their current condition to be temporary, meaning that when the economy reopens, they will quickly get back to work.  

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