The pandemic COVID-19 not only killed millions of people around the globe but also impacted our economy which led to recession.
Although human lives are more important than anything else, facing the pandemic’s aftermath is putting human lives at stake.
As our economies fall, hundreds of thousands of people face layoffs which of course affect everything like children’s education, social activities, living arrangements, etc.
All this is known as the “domino effect”.
So, how are we going to face and survive a potential recession if you’re one of those who lost your job? Do you have an emergency fund?
Below are some of the jobs and careers you may want to consider as a substitute for your job or as an additional source of income in the event of a global recession:
In these trying times, many people need more health services than usual. Having an adequate number of health workers is needed to cope with the current COVID-19 pandemic situation as well as the existing health conditions that arise due to stress induced by the recession.
Online Educator / Tutor
People still want the best education for their children even in poor economic decline. Online tutorial services and learning centers are in demand.
With the ever-increasing internet accessibility, business opportunities for webpreneurs are increasing. There’s no limit to how much they can earn because the demand for more clicks, more leads, and more revenue is endless.
Another viable job that has resulted from the usage of the internet is the virtual assistant. If your forte is administrative and organizational activities this job is for you.
E-Commerce & Delivery Staff
Given the COVID-19 pandemic situation where physical distancing and staying at home are a must, online selling of products and foods is thriving. Many people prefer not to shop. It’s very easy since it is very convenient and it can be delivered right through your doorstep.
You’d be wrong to believe that business owners and high-income earners do not need the help of an accountant during the recession when managing their returns, but in fact, it’s the opposite. When they are suffering a decline in the business, they need an expert to carefully manage the in and out movement in their funds.
In terms of taking a risk in investing, expert opinions are being consulted. The money invested during a recession has a possibility of doubling up when the economy recovers or the other way around – becomes zero. Either way, it’s gambling. So before taking a risk, consult an expert.
Cremation services, making caskets and coffins, and designing epitaphic tombstones are also in need during these trying times when death is inevitable.
The COVID-19 pandemic situation shifted the economy in ways we don’t fully understand yet. In uncertain times such as this, being knowledgeable, flexible, and vigilant is very important.
Now is the perfect moment to switch careers, boost your income, and even protect your job and appreciate it more.
Given the current situation, it pays to know more about what other jobs, industries, and skills are currently in demand. With this, you’ll be able to easily plan and adapt your next move to prepare your family’s future especially now that the world is facing a global economic decline and a recession.