Page 11 - Millenial Finomics Issue 1

As much as intimidat- unpromising circumstances.

ing words like “unem- Due to the known political in-

ployment” appear as if stability preceding the Arab

they can’t get any more Spring, tourism had unclear

sophisticated, you nev- prospects and consequently

er get the amount of kept industry morale low. Only

complexity till you move when Egyptian tourism was tip-
toeing away from unreliability
from the average effect and gradually spiking, and only

to the day-to-day impact when members of the industry

on individuals. No mat- heightened their expectations,

ter how “macro” matters it all went downhill. It is a sto-

are, at least to the econ- ry of Luxor tour guides having

omists and policymakers a stable income but ending up

who dissect them, when with no income at all. It is when

it comes to human expe- hotel management expanded

only to contract again. It varies

-lematic implications (among oth- of one job to another and -rience, the expression could from kitchen crews, room ser-

ers). However, could the impli- throw themselves at any oppor- no further entail the (ironically) vice agents, tailors of handicraft

cations have been drastic enough tunity of income (even if mini- big picture. It is easy to say that souvenirs, and even includes the

to count as separate crises of mum). Well, it is with basic logic Tourism restrictions are one of young Dahab girl braiding tour-

their own? and even exceed the that we conclude it’s option 2. the main factors that caused na- ists’ hair for a day’s allowance.

urgency of a COVID infection? While it seems equally logical to tional unemployment to leap to a By understanding the people,

Egyptians under the poverty line acknowledge that everyone be- 9.2%- specifically due to its con- you come to understand the in-
tensity.
ing cautious of the pandemic is
increased from 27.8% in 2015 “good for everyone”, a COVID nection to an array of key indus-
to 32.5%. Picture this: a citizen diagnosis might be only a possi- tries including but not limited to While you might expect that the

falling into unemployment- with bility for an individual compared hospitality and attractions. How- pandemic only steps hard on

no guarantee of a daily income to an absolute certainty of hun- ever, you wouldn’t get the extent lower socioeconomic classes, is-

that suffices. Option 1, they go ger and displacement. A group of it till you open the door to the sues of different nature tend to

on and dedicate budget to sani- of people is running away from stories. Members of the tourism hit universally- and at all levels.

tation materials and stay home in COVID, others jumping right industry, and all those directly in- Quarantined individuals in abu-

quarantine. Option 2, they spend into it- and they’re both running volved with it, have been living sive households had no escape

days on the streets from a search for safety. through more than a decade of from trauma for months and

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