What will pandemic bring for workers?

May 4, 2020

Some who have looked at past pandemics think we may end up with working people in a better position than they have been. I am feeling doubtful about this, because this pandemic is focusing on killing the elders, not so much people still in the workplace. Past pandemics killed many younger people, reducing the size of the workforce, and so that those who survived has more bargaining power. And we will need fewer workers to provide goods and services to retired people because there will be fewer of them, relative to younger people.