Crisis reveals the future

Some of my friends are complaining and some of them are geared up or gearing up for the change. The virus, the economy, the business, their boss, the government, there can never be an end to the things that are wrong with the world.

I observed is that some companies are aggressively hiring. Many more are firing their teams. Extrapolating from this, we get a good indication of industries and mindsets that the future belongs to. Watch out for industries that are firing, mindsets of CEOs who are firing, these industries will eventually decline while industries that can cope with the new world and the uncertainties that it entails will thrive, absorbing the newly unemployed over a period of time as they grow.

A simple illustration: crypto companies are hiring across the world. This is a great indicator that the industry has a bright future. Banks, on the other hand, will end up firing people. No large layoffs as of now. But fewer people will go to the bank. More digital. And what will mammoths like State Bank of India (SBI) do with all those who have been handing out cash for decades? SBI has 257,252 people working for them.

The more you think about this, the clearer the future becomes. Crisis always reveals the future. We can choose to see it, or crib about it.