Prior to the pandemic, most world economies were doing very well in the employment sector. The U.S. employment rate was at an all-time high. As a result of the pandemic and its impact on the world, the U.S. is now experiencing record unemployment numbers that we have not experienced since the "Great Depression". This is due in part to people not returning to the workforce for various reasons including "Quiet Quitting", downsizing by businesses due to the downturn in the economy, and the Baby Boomers Retiring. This is now impacting the lively hoods of millions. As we continue to move through this, we must define what the "New Normal" for businesses will look like from soft openings to the potential of sustained operations. Now it's time for your thoughts.

Answer the following questions and then reply to 2 of your classmates.

1. How do you feel that the recovery from this downturn in the economy will affect compensation throughout the business world?

2. Do you think businesses will be able to maintain the compensation levels that they were paying out prior to the downturn in the economy? Explain your answer. This is not a yes or no question.

3. What changes would you like to see in Business and Compensation?