The Postpandemic Normal Is Here and It Isn’t That Special

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Plunging shares of pandemic beneficiaries such as Amazon, Netflix, and PayPal suggest a more sober view of the economy’s transformation, writes greg_ip

The pandemic catalyzed a once-in-a-generation change in consumer, worker and company behavior: a shift to remote life and work accompanied by the

digitization of business models, from e-commerce to telehealth. Companies that drove this shift saw their sales, profits and especially stock prices skyrocket.

 

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