LET’S TALK SOME ECONOMICS

What does “work from home” mean to different parties? For the one who is working it means no grooming required, pajamas would do for days on a trot, spreadsheets sharing screen space with prime or Netflix – basically, more about comfort, isn’t it? But can the same be said about the housewife who always works at and for home? Nope – coming straight from horse’s mouth. Work from home for her means more rounds to the kitchen to fetch tea and coffee in between the meals 😁. Parents think “since you are at home why can’t you spare time, why are you on the screen all the time, you don’t talk to us“. So it’s different for everyone. And “work from home” pros and cons have been very well touched in the last two articles by @sizzlybizzly @chiradeepnf. Nothing more left to plunge in and bring out I guess when it is about “people & workplaces”.

So thinking about the points made by my fellow writers regarding “work from home Vs work from office” I stumbled on a thought “how does place of work impacts the economy“. Let’s take a mini tour into it.

Have you ever seen any office (as a structure/building) standing in isolation? Never (or say it’s a rarity). As soon as an office starts running, buzzing with people it serves as an opportunity for many other ancillary setups. For example, a cafeteria, a snack center, a stationary/Xerox center in case of educational or government offices, a tea stall, petty vendors like that of cigarettes, and many following the suit co-exists with the primary “office”. So the staff working and the people visiting the premises naturally provide business to the aforementioned entrepreneurs (not the scale but dignity matters). Turnover means income, and income means further possible spending creating more rounds of income and consequent spending. This is called the multiplier impact. More income and spending is the backbone of any economy. Incentives and investments are made to boost up the spending stimuli of the people. In that scenario closing of offices purely means a down spiral impact on the economy and the world is experiencing the same. Economic Depression is the offspring of the same negative multiplier impact.

Closing of offices might mean nothing much to the white-collared job holders but it’s a definite blow to the blue collared job holders since they usually are hired / work on an ad-hoc basis and their work can’t be remote so the very concept of “work from home” cease to exist for them. Also the social security schemes and other perks for such apparently minuscule jobs aren’t much overwhelming. In their case, it’s either go to the work or sit idle. The gatekeepers, guards, janitors, etc comprise this group and definitely don’t have a place in empty offices. This pandemic and work from home period also spelled doom for the daily wage earners and housemaids. On this account “work from home” is a horrifying practice and not to repeat the no income – no spending – crippled economy routine.

“Work from office” aids in generating state revenues. No matter whatever country we are in, a large proportion of the working population utilizes public transport for commuting to work :

Local Train

 

Metro

State-run buses, local trains, metro, trams – lifelines of any city. They not only facilitate hurdle free commuting but fetch a huge revenue on a daily basis to the government in the form of fares. Due to the pandemic and advent of work from home, people are no doubt confined to their spaces but the fiscal deficits are spreading wider and wider.

The world is amidst a grave issue, handling a double-edged sword. Work from home is an alternative to keep us going but sadly the fuel (read the GDP numbers) is not enough to steer any nation through. On personal front onsite/offsite work, both have a well-balanced impact on our lives yet individually. But for a greater good offices need to open ASAP.

No matter how advanced a nation is in technology not everything can be done ONLINE. The entire world on the same page of collapsing fiasco speaks volumes about this truth.

 

 

4 thoughts on “LET’S TALK SOME ECONOMICS

  1. Economics have gone topsy turvy for people who had their own businesses.. certain types of business can’t be run only sitting at home and when going out in thr field is not an option then the income really takes a hit.. we all are reinventing the way we work now…

    Liked by 1 person

  2. A very good angle that you presented in this article, Kalpana, keeping the topic of the article in mind. I love how you try to improve yourself by writing something different than very common and what is expected.

    Liked by 1 person

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