Jack M. Mintz: The new wealth after this pandemic — space, safety and security

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Here are some of the ways this health and economic crisis will transform society

With its profound health and economic effects this pandemic will transform society in ways we do not yet fully understand. History teaches that major events result in major shifts in new consumer and voting patterns, some of which were not foreseen at the time they happened. Let me try anyway.

The Pew Research Center reports on polls taken after 1933 on political attitudes in the United States. Depression-era Americans felt insecure economically and more supportive of institutions and government spending. Americans supported Franklin D. Roosevelt’s New Deal, social security, and regulations to prevent misleading advertising and prohibit child labour.

After their experience with social distancing, people will want more space. They will also want more safety and security. The consumer shift to safety and security will also have broad implications. After the financial crisis of 2008 and the pandemic of 2020, people will want to ensure they have sufficient resources for future contingencies. They will be less willing to take risk, which will affect their choice of occupations, their finances and what they consume. They will prefer employers in sectors less subject to booms and busts, who could also provide more secure pension arrangements.

Source: Healthcare Press (healthcarepress.net)

 

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Still. All the things only the rich can afford.

Thats the same thing rich folks always had

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