After Covid, we may be in a volatile gig economy that relies heavily on the internet
New York (CNN Business)The economy is reopening and life is slowly getting back on track, but it's not back to normal. High unemployment rates and the need to socially distance will have lasting effects on how and where we work.
Small businesses are struggling to stay afloat and people are already relying more on internet gigs. Experts predict that post-pandemic, these trends will continue as we shift toward a more precarious gig economy that relies heavily on the internet.
Since CNN Business began reporting on how the pandemic has affected different industries in early March, some of those changes have already come to pass, providing us with a good indication of what's to come.
The winners of the pandemic are already emerging, from telemedicine to delivery apps, and Silicon Valley is eager to invest in them. In March, 12 investment firms pledged to invest more than $30 million in companies with Covid-19 programs, and Y Combinator has connected many of those founders to investors.
Source: After Covid, we may be in a volatile gig economy that relies heavily on the internet – CNN
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