If this government-ordered shutdown continues for much more than another week or two, the human cost of job losses and bankruptcies will exceed what most Americans imagine.
Warnings about large gatherings of more than 10 people and limiting access to nursing homes will save lives.
Yet the costs of this national shutdown are growing by the hour, and we don't mean federal spending.
We mean a tsunami of economic destruction that will cause tens of millions to lose their jobs as commerce and production simply cease.
Another month like this week and the layoffs will be measured in millions of people.
Even America's resources to fight a viral plague aren't limitless-and they will become more limited by the day as individuals lose jobs, businesses close, and American prosperity gives way to poverty.
America urgently needs a pandemic strategy that is more economically and socially sustainable than the current national lockdown.
https://www.wsj.com/articles/rethinking-the-coronavirus-shutdown-11584659154?mod=hp_opin_pos_1
Warnings about large gatherings of more than 10 people and limiting access to nursing homes will save lives.
Yet the costs of this national shutdown are growing by the hour, and we don't mean federal spending.
We mean a tsunami of economic destruction that will cause tens of millions to lose their jobs as commerce and production simply cease.
Another month like this week and the layoffs will be measured in millions of people.
Even America's resources to fight a viral plague aren't limitless-and they will become more limited by the day as individuals lose jobs, businesses close, and American prosperity gives way to poverty.
America urgently needs a pandemic strategy that is more economically and socially sustainable than the current national lockdown.
https://www.wsj.com/articles/rethinking-the-coronavirus-shutdown-11584659154?mod=hp_opin_pos_1
No comments:
Post a Comment