How the “tech industry” will become “The industry” after COVID19 — The Adaptive Economy.

In 2021, tech companies are likely to start and finish the year stronger than ever. Time to invest and work in tech!

“We are living the most severe crisis since the Second World War: Employment losses are rising rapidly around the world” Guy Ryder, Director ILO

While the rest of the economy is tanking from the crippling impact of coronavirus, business at the biggest technology companies is holding steady — even thriving. With people told to work from home and stay away from others, the pandemic has deepened reliance on services from the technology industry’s most prominent companies while accelerating trends that were already benefiting them.

Figure: Technologies likely to be adopted by 2025, by share of companies surveyed, selected sectors. World Economic Forum Future of Jobs 2020

COVID accelerated the traditional industries transformation:

• The manufacturing sector, which employs 463 million workers, has been hit hard in some segments,

• The transport, storage, and communication industry accounts for 204 million jobs

• The accommodation and food services sector is also severely affected, accounting for 144 m…