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Covid-19 has created structural changes in the workplace

Published Tue, Nov 17, 2020 · 09:50 PM

SOME economists welcome sharp economic downturns because of the "cleansing effects of recessions". They often refer to the concept of "creative destruction", developed by the Austrian-born economist Joseph Schumpeter in the 1950s.

Schumpeter himself saw it as a "process of industrial mutation that continuously revolutionises the economic structure from within, incessantly destroying the old one, incessantly creating a new one".

The current global pandemic has brought about plenty of economic destruction. Massive la…

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