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What impact will new coronavirus Covid-19 have on my job?

Translators, financiers, copywriters, teachers, coaches… Are they safe?

Here is an estimate of the effect the current pandemic is likely to have on your job. Many people are fearful of the economic consequences Covid-19 may bring about in the near future. Few times has a virus had such a dramatic impact on the world economy.

Even so, I’d like to emphasize that every cloud has a silver lining and that after the storm comes the calm. So… chin up!

As you may imagine, those who are already teleworking are likely to be less affected by the current situation.

On the contrary, those with a customer-oriented job are more exposed to layoffs and hiring freezes.

As for self-employed workers, as in the case of salaried employees, it depends largely on whether they have remote jobs or they need to be physically present in the place where they need to carry out their professional activity.

Those who work from home or remote, such as translators, copywriters, transcriptionists, writers, web developers, social media managers, community managers, designers, virtual assistants, online brokers, bloggers, youtubers, online marketers, remote customer service representatives, online coaches… can breathe a sigh of relief. Their jobs are not particularly at risk. Needless to say, since we operate in an interconnected global economy, remote workers could suffer some collateral damage, but, at the end of the day, they are in an advantageous position.

On the other end, those who have a customer-oriented job and can’t work remote, such as hotel clerks, receptionists, bank tellers, front desk managers, waiters, flight attendants, liaison interpreters or conference interpreters who need to be in situ, account coordinators, client relation specialists, teachers, coaches, event managers, event planners… could go through hard times, specially if they are freelancers.

coronavirus covid-19 impact on jobs influence in jobs affect jobs consequences work unemployed unemployment
Examples
Safe zone: remote web developers on the payroll
Relatively safe: translators working for a number of agencies and companies
Uncertainty zone: waiters
Danger zone: Event organizers

So the most vulnerable part of the spectrum are self-employed freelancers working in customer-oriented jobs, whereas the safest part are those who work remote for companies which service or activity doesn’t involve a good deal of personal attention or contact.

Manufacturing and construction may wait to make decisions on layoffs. On the other hand, many employees in the tourism industry could be laid off since many countries are closing borders and advising citizens not no travel to avoid catching the virus and spreading it. It may have a dramatic impact on certain countries where tourism is a substantial share of the GDP such as Spain, Greece, Dominican Republic…

For better or worse, health professionals can count themselves “lucky”, at least in the foreseeable future. We can’t thank them enough and I can’t stress enough how important it is to protect our public health care. This virus has been a frightening wake-up call. All developed countries must provide a universal health care coverage, otherwise it is not only unethical and utterly immoral, but also extremely dangerous for both the rich and the poor.

In spite of everything, as Victor Hugo put it, Even the darkest night will end and the sun will rise. So fingers crossed and best of luck to you all!

Take care.

Sources:

New York Times
The Economist
Forbes
Entrepreneur
The Financial Times
Le Monde
Die Zeit
Frankfurter Allgemeine Zeitung