Severe job losses which have been triggered by the pandemic have disproportionately affected workers in the service and retail industries. These lower-skilled jobs have traditionally served as an economic fail-safe for non college-educated workers. However the lingering effects of COVID-19 could permanently damage these industries and eliminate a large portion of these jobs.
Although all industries have been affected, there is strong evidence that the technology sector will recover quickly. To adapt to the new reality, many companies are looking to digitize their businesses.