As
governments race to stem the spread of coronavirus through an
unprecedented closing of schools, businesses and travel, some
specialists fear the long term public health impacts of a depressed
economy and shuttered society.
It’s the most
dramatic government intervention into our lives since World War II. To
fight the coronavirus outbreak, governments across the globe have closed
schools, travel and businesses big and small. Many observers have
fretted about the economic costs of throwing millions of people out of
work and millions of students out of school.........
The longer the suppression lasts, history shows, the worse such outcomes
will be. A surge of unemployment in 1982 cut the life spans of
Americans by a collective two to three million years, researchers found.
During the last recession, from 2007-2009, the bleak job market helped
spike suicide rates in the United States and Europe, claiming the lives
of 10,000 more people than prior to the downturn. This time, such
effects could be even deeper in the weeks, months and years ahead if, as
many business and political leaders are warning, the economy crashes
and unemployment skyrockets to historic levels..........To Read More.....
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