Gov. Cuomo says US economy won't bounce back on its own post-pandemic because 'too many' small businesses have closed and corporations won't rehire laid-off workers
, which lasted 18 months, according to the US Labor Department and Federal Reserve Economic Data. Cuomo said the economy will look different moving forward than it did pre-pandemic due to technology automating some jobs away and people continuing to work remotely, and that government will need to "play a role" in reviving it.
"It's going to be about government working with the private sector, working with businesses to jumpstart the economy to stimulate it, to get some big projects going that gets the business sector engaged and confident and believing once again," he said. Cuomo said improving or building new airports, mass transit systems, and roads and bridges as well as investing in education technology and telemedicine services are ways New York is hoping to accomplish that. The governor has tasked several billionaires in recent weeks with advising him on how to make those investments moving forward. Earlier in May, Cuomo and Chairman Eric Schmidt to chair a commission aimed at "reimagining" the state's relationship with technology.
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