Question-   The impact of the Covid-19 pandemic on the UK job market

Solution-

Answer:
 

Introduction: Covid-19 is a global pandemic affecting almost every country in the world. It a public health crisis and the number of people in the world had died already. Besides the loss of lives, the worst impact of this pandemic is on the economy of the world. Many people had already lost their job as a result of this pandemic and this number could be millions within controlling the disease completely according to the ILO.

The impact of Covid-19 pandemic on the UK job market in the near future:

Currently, the government of the UK is providing financial support or financial scheme for the companies to cope with the situation created by the disease. Because of the disease, the manufacturing companies where direct labor is involved are completely or partially off but they had to provide the remunerations and other benefits to their laborers. The companies can do so with the help of governmental financial support and when the government lessens or shut down the support the companies will have no alternative but to shut down the companies or cut off the employment (Yilmazkuday, 2020).

The demand and supply chain of the world is seriously damaging by this pandemic and many companies are winding up or shutting down their manufacturing process and that will create an additional burden on the existing unemployment problem.

Due to the pandemic, an economic depression is heading toward the UK and in the depression time there will be less or no money on the hand of the customer or service taker to buy the goods and service and so the companies have to limit their manufacture or service even after the pandemic and a limited number of workers or employees are needed for that manufacture or service. So the companies will have no alternative but to cut off the present number of employees than to hire new people and that will increase the present rate of unemployment (ILO: As job losses escalate, nearly half of global workforce at risk of losing livelihoods, 2020).

Conclusion:

This pandemic have also many long term effects. Due to this pandemic, the revolution of automation will be accelerated and that will surely increase the rate of unemployment.   

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