Published June 11, 2020
We now know much more about covid-19 and its frightening cost to people’s livelihoods. The coronavirus appears to be less fatal than originally thought, with the risk of death highly correlated with factors of age and prior health. The cost was also much higher than many had thought. Although the true number of unemployed people is a matter of debate, the data show that as many as 27.5 percent of Americans lost their job or had their hours scaled back as a result of the shutdowns. That’s more than 30 million Americans, at a minimum, who were hit hard economically.
Henry Olsen is a senior fellow at the Ethics and Public Policy Center.