What middle classes now need to doWe have various types of middle class people. Those employed in the Government and the banks and even quasi Govt organizations and the Public sector organizations are a good chunk of the regular income middle classes. Those from IITs and IIMs and the ISB or from the NITs with higher degrees also form a good chunk of the managerial class with good employability. Then there are the professional self employed guys like event managers, the chartered accountants, the doctors and so on.
Every single guy in each of the categories has been affected by Covid in one way or the other. Those in all the lower rings of the economic pyramid are also in the same boat. Such middle class people need to identify new markets for employability of a new kind. For example, IT professionals who acquire a Diploma in Artificial Intelligence or Machine Learning and allied skills, will get new opportunities. Those with the CFA qualification will positively find slots in the organizations in the Gulf or Singapore or Australia.
Event managers are likely to be back in business when the International travel restrictions are eased. The international conference and seminar industry and the tourism industry will keep them busy. Similarly, there is likely to be a surge in professional services based on traditional medical practices. The trick is to identify what the market wants and then acquire skills. For example, those in HR will need to develop a massive grounding in the legal framework and the labor laws. The entire scenario will change in the manufacturing sector.
The middle classes now need to change and do so, rather urgently.