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  • ๐Ÿ”” Pandexit: Lies, Statistics & The 'New Normal'

๐Ÿ”” Pandexit: Lies, Statistics & The 'New Normal'

Today's Opening Belle is brought to you by our partners, Equos and Utrust.

Crypto exchange EQUOS has rebranded to EQONEX, pulling together an entire crypto and digital asset ecosystem under one brand.

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Blame the BIS for the title. They released their annual report last week with reference to a 'bumpy pandexit'.

It's well worth a read to keep up with the conversations in policymaking circles if nothing else, and also features lovely charts like this one. ๐Ÿ‘‡

Inequality is going to be the buzzword for a while yet

Back on topic, we're finally exiting the pandemic...

Biden has declared victory...

Boris is freeing the U.K...

And according to Bloomberg's vaccination tracker more than 3.22 billion doses have been administered across 180 countries, according to data collected by Bloomberg.

The latest rate was roughly 36.6 million doses a day!

And the vaccinations are working:

The rollout of the vaccination programme has altered everything, reducing both the individual risk and the wider one to the health system.

Hospitalisations

Back in January, about one in 10 infections could be expected to translate into a hospital admission 10 days later.

Now that figure appears to be somewhere between one in 40 and one in 50.

Deaths

In January about one in 60 cases resulted in someone dying.

Today it's fewer than one in 1,000.

Those are the statistics that matter.

The full BBC article ๐Ÿ‘‡

Now comes the psychological readjustment phase.

A lot of people are now programmed to see risks everywhere.

To some, ANY risk now seems unacceptable and it is totally irresponsible of the government to lift the mask mandate.

And they can probably find any number of examples to prove their case.

Unless the new variants prove vaccine-resistant, the pandemic war is won.

As time passes, even the most extreme viewpoints will adjust

Actually seeing peoples faces in a conversation, taking social cues and having physical contact with other humans is hard-wired into us.

It's the default setting.

For all the media talk of a divided world, we've absolutely bossed it.

The sharing of data, research, and vaccine technology across borders is unprecedented, a truly phenomenal achievement in human history.  

Our ability to adapt and co-operate has reached new heights.

It has also opened the door to a new way of life.

Except that's the wrong metaphor, because the biggest change is in NOT opening the door (to leave the house and go to work.)

Flexible working is here to stay, and will become a huge part of the 'new normal'.

It won't work for everyone.

Some industries will be more remote than others.

It's hard to build houses from your home office (for now, at least)...

Even within the same industry there could be differences ๐Ÿ‘‡

BBG

What does it mean for the future?

How will companies use this to compete for top workers?

There are already skills gaps emerging in most industries.

The workplace is a social environment where people can learn from others, and chats with colleagues can develop into new ideas, new products and innovation.

How easy is it to learn a 'new job' remotely?

In larger companies, it could be a case of 'out of sight, out of mind' when it comes time to talk promotions.

It could mean more automation too...

And would automation necessarily be a bad thing?

A lot of the jobs that can be automated are jobs that most people don't enjoy anyway...

Will these workers remain unemployed or retrain?

There are arguments in favour too.

Less commuting means less pollution.

More opportunities for parents to balance childcare with working from home.

It's going to be fascinating to see how the 'new normal' jobs market evolves going forward...