• 18 hours Chinese Stocks Rebound After Regulatory Scare
  • 2 days Apple Stocks Falls After Blowout Earnings Report
  • 2 days The 5 Biggest IPO Disasters Of 2021
  • 3 days Crypto-Based ‘Shadow Financial Market’ Spooks Regulators
  • 7 days Ireland Balks At Biden’s Global Tax Plan
  • 9 days Robinhood To Trade On Nasdaq Targeting $32B Valuation
  • 13 days Facial Recognition Is Watching You
  • 14 days Biden’s $3.5T ‘Human Infrastructure’ Workaround
  • 14 days The Fed’s $3 Trillion Headache
  • 17 days Why Bitcoin Could Struggle To Recover After Epic Crash
  • 18 days Wells Fargo Back In The Spotlight Over Personal Loan Cancellations
  • 18 days Delta Variant Real Threat To Economic Recovery
  • 22 days JEDI Drama Continues With Microsoft Contract Cut
  • 24 days DiDi Shares Take a Beating From Chinese Regulators
  • 24 days Thousands Of Companies Hit In Latest Ransomware Attack
  • 25 days Jobs Report Has Big Numbers, But Still Big Problems
  • 25 days Robinhood’s ‘Mission’ Questioned in $70M Fine
  • 29 days Didi Just Went Public, And Uber Is Loving It
  • 29 days Islamic Finance On Track To Hit $3.7 Trillion
  • 31 days The Lumber Bubble Is Bursting
Saudi Arabia Lost $27 Billion In Oil Crash

Saudi Arabia Lost $27 Billion In Oil Crash

The oil price collapse is…

The Billion-Dollar New York City Exodus

The Billion-Dollar New York City Exodus

Similar to many end-of-the-world movies,…

Josh Owens

Josh Owens

Writer, Safehaven.com

Josh majored in International Relations at the University of Edinburgh and is currently the Content Director at Oilprice.com. Josh has over 6 years of writing…

Contact Author

  1. Home
  2. Markets
  3. Economy

Your Job May Be Pointless After COVID-19

COVID-19

Not so long ago, milkmen, gas station attendants, and movie theater projectionists, for instance, were common professions; but then at some point in our technological progression, they became irrelevant. 

And today, there are a lot of seemingly pointless jobs that COVID-19 may rule eternally pointless. 

Even COVID-infected darling Chris Cuomo thinks his job is pointless. 

“My job is pointless and I can’t stand it,” Cuomo said on his SiriusXM show while speaking about his job as host of CNN’s Cuomo Prime Time. He said his battle with coronavirus had made him rethink his values and question his position as a public figure. 

"I don't like what I do professionally…I don't think it's worth my time,” Cuomo said on Monday talking about his critics, Republicans, Democrats and the President whose remarks he called "full of s--- by design."

Still, whether the public agreed with him or not, the following day Cuomo said he was sticking with his job, but still questioning whether his work makes a difference.

For many others, there is no such luxury of choice. 

Almost 22 million people have filed for US unemployment benefits in the last four weeks, which suggests a rate of joblessness that hovers around 17%. Goldman Sachs analysts are expecting that US total unemployment claims could reach 37 million by the end of May.  

Many of those will return to their jobs such as pilots, construction workers, restaurant servers, hoteliers….

Once the pandemic is over and social distancing policies are relaxed, the economy will likely bounce back. For employment, that could mean a rapid rebound as well. But only for some. Not all jobs will reappear at once.

Former presidential candidate Andrew Yang told Business Insider last week that many people being laid off during the coronavirus pandemic may not have jobs to return to.

Yang said that a lot of companies that furloughed their workers are already automating many of their processes, while many public-facing businesses aren't going to come back at full steam.

“The fact is right now this virus is the perfect environment for companies to get rid of people, bring in robots and machines, and figure out how they can operate more efficiently,” Yang said

"We’re going to see 10 years worth of change in 10 weeks," Yang said, with companies adapting to fewer workers.

It is possible that the pandemic will speed up the process and reveal whether cashiers, waitstaff, janitors, dental assistants and others will meet a similar fate as the milkman. 

A recent Axios-Harris survey showed that 31% of respondents ages 18 to 34 had either been laid off or put on temporary leave because of the outbreak, compared with 22% of those 35 to 49 and 15% of those 50 to 64.

Feeling easily replaceable and unnecessary, it is possible that many of those younger people will seek a change in profession. 

As a matter of fact, even before the pandemic many Millennials and younger Generation X members were not thrilled with their jobs. 

According to a Gallup poll from 2016, 71% of the members of these generations weren’t engaged at work ? and at least 60% were open to new job opportunities.

Gallup’s research found that the millennial workforce was mostly checked out. And then last year, a Deloitte Millennial Survey showed that 49% of Millennials would quit their job within the next two years.

The main thesis of a book titled “Bulls**t Jobs” by anthropologist David Graeber is that 40% of jobs in America are meaningless.

And meaninglessness is also a global pandemic.  

In 2015, YouGov, a market research company, conducted a poll with the question for British workers, "Is your job making a meaningful contribution to the world?" Some 37% of respondents said “no”. In a similar poll, 40% of Dutch workers reported that their jobs had no good reason to exist. 

A lot will change when the economy is opened up, and if Yang is right--changes that we were expecting to sort of gradually work them way into the labor force will come rather abruptly. Whether it’s that both workers and employers have grown used to remote jobs and the lower overhead they bring, or whether it’s that employers realize that they can function without positions that seemed important prior to the COVID-19 outbreak--we’re in for a major reality check. 

By Josh Owens for Safehaven.com

More Top Reads From Safehaven.com:

Back to homepage

Leave a comment

Leave a comment