"Pandemic is not a word to use lightly or carelessly. It is a word that, if misused, can cause unreasonable fear." - Dr. Adhanom, 2020.
By Alejandra Orias Garita - Student of International Relations
During the last quarter of 2019, COVID-19 started to spread around the world, impacted our lives and had an important effect on many businesses and families. Companies have had to close, people have lost their job, and many others have suffered the loss of their love ones. At the beginning of March 2020, governments gave the order to stay at home and be in quarantine with their families, so they could protect themselves from this strong virus. To distract themselves from everything that was going on with the pandemic, many individuals started to use their free time by doing online shopping through platforms like Amazon and using different streaming services such as Netflix, Disney Plus, and others. This is why I think not everything is bad, and the COVID19 has brought good consequences, because these companies have needed to hire more employees.
As it can be observed, this virus has helped many big companies grow their services and the stocks of their businesses have risen up. For example, we have Amazon.com, Inc. owned by Jeff Bezos. This company has grown a lot its stocks during quarantine and has had the need to hire more people to meet the needs of their consumers. According to Klebnikov (2020), “at the start of the year, the e-commerce giant sported a valuation of around $920 billion. After the stock bounced back from the coronavirus market sell-off in March and hit new record highs, Amazon is now worth $1.49 trillion” (p. 1). Thus, it can be observed that amazon.com has grown its stocks over $570 billion dollars and it shows its consumers support. This has caused that the company hires more people, which we can relate to Kant´s Utilitarian theory that states that the situation is acceptable if the results make the people happy, and in the end this pandemic has brought more jobs.
Nonetheless, many people may argue that these pandemic has brought a lot of bad consequences to all the people around the world. For example, many individuals that have lost their love ones due to the virus and also the people that worked in tourism or had their own enterprise have lost their job and have had to fire a lot of their employees and adapt to the “new reality”. According to Bartik et al. (2020), “businesses are adjusting in a variety of ways… In addition to its impact on public health, coronavirus disease 2019 (COVID-19) has caused a major economic shock” (p. 1). We can observe that in Costa Rica, for example, companies like amazon have also started to hire more people than ever, because their online shopping services have grown throughout the entire quarantine, creating a lot of benefits for this type of people, and providing a lot of jobs to the community.
To sum up, it can be said that although the COVID-19 has left us with some very bad and serious consequences, it can be observed that these different online shopping and streaming services have provided many growth opportunities for the companies. Indeed, these businesses weren’t ready for this big demand brought by the coronavirus pandemic, they started to develop themselves faster and began to hire more people from all around the globe, providing a lot of benefits for the ones that lost the jobs during this pandemic.
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Bartik, A. W., Bertrand, M., Cullen, Z., Glaeser, E. L., Luca, M., & Stanton, C. (2020). The impact of COVID-19 on small business outcomes and expectations. Proceedings of the National Academy of Sciences, 117(30), 17656-17666.
Klebnikov, S. (2020). 5 big numbers that show amazons explosive growth during the coronavirus pandemic. https://www.forbes.com/sites/sergeiklebnikov/2020/07/23/5-big-numbers-that-show-amazons-explosive-growth-during-the-coronavirus-pandemic/#5dfda96a4137