From toilet paper hoarding to tap-and-go: What habits will we keep post-COVID?

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We do strange and unpredictable things in a crisis, making it tough for policymakers trying to plan the settings for our economic recovery, writes Jennifer Duke | OPINION

On the evening of Saturday March 6, at the start of the coronavirus pandemic, two women were caught on camera arguing in an aisle at Woolworths in western Sydney's Chullora. It quickly turned into a scuffle on a video subsequently watched millions of times on social media.

"More recently, the switch to electronic payment methods is likely to have accelerated as a result of consumer and merchant responses to COVID-19," the RBA paper says."[There] has been an increased use of online shopping as consumers changed their purchasing behaviour and merchants increased their online capabilities in response to the COVID-19 situation."

The economy is less like a puppet where you pull the string connected to the hand and the arm jerks upwards, and more like a spider web where touching one of the threads affects the whole structure.As an example, a shift towards online shopping not only forces retailers to focus more quickly on their digital efforts, but it could also mean a reduction in the expensive Sydney and Melbourne real estate they need to rent as they serve fewer in-person customers.

This affects public transport, the housing market and the type and location of infrastructure the government will need to build to support a more geographically diverse population.

 

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And if there was it would be only single ply with all the sackings and cutbacks over the last decade.

Policymakers should show compassion Over 1.5 million unemployed voters No jobs , reduced to $40 a day come December A Federal Government with no short term plan except to punish the unemployed for not having a job Families are going to be pushed over a cliff Show compassion

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