Outcomes of the New Pandemic (Part-2)
If you haven't read the Part-1, click here to read it. Thirdly, due to the lack of job security in the world, various employees are being removed from the firms and companies due to financial crunch. Millions are now unemployed and are sitting at homes dealing with daily problems according to their financial status. Another great factor contributing to unemployment is the daily wage earners who come from economically and financially low background. They manage their source of livelihood by the daily low incomes by running fast food stalls, repairing works and by performing any type of small businesses. They are the worst hit of the pandemic as their customers are not getting out of their homes. They have a minimal amount of savings and do not possess any kind of knowledge to be skilled labour. So, it is evident that both the types of labours- skilled and unskilled ones are facing the catastrophe currently. Source: International Monetary Fund (IMF) In India, the