Covid, hysteresis, and the future of work

Covid, hysteresis, and the future of work

Things have changed so much with Covid-19 that not even the future is what it used to be – or so it seems from all the predictions that analysts are making about the post-Covid world. But why should things change permanently? Things are the way they are for good reasons. If the reasons don’t change permanently, the outcomes won’t change permanently.

Actually, it is more complicated than that. Some socio-economic-political outcomes are governed by what might be called ‘rubber-band dynamics’, others by ‘paper-clip dynamics.’

• When you shock a rubber band – say, pull on it – the shape deforms, but […]

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