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The federal reserve believes it exists and is a big enough threat to the labor force (and economy) of the nation that we need take action. They released this p
by qbasic_forever 4y ago
The federal reserve believes it exists and is a big enough threat to the labor force (and economy) of the nation that we need take action. They released this paper a few weeks ago: https://www.federalreserve.gov/econres/notes/feds-notes/long-covid-cognitive-impairment-and-the-stalled-decline-in-disability-rates-20220805.htm https://www.federalreserve.gov/econres/notes/feds-notes/long...
It seems pretty serious and real when the real money and power institutions in the country are getting concerned.
- pessimizer 4y ago> It seems pretty serious and real when the real money and power institutions in the country are getting concerned. Beware this sort of reasoning, especially after Havana Syndrome.
- ren_engineer 4y ago>It seems pretty serious and real when the real money and power institutions in the country are getting concerned. or it's a convenient scapegoat to cover for their mismanagement of the economy as we deal with massive inflation and, by most common definitions, a recession
- qbasic_forever 4y agoThey're looking at the percent of people who have dropped out of the workforce for disability. It was steadily decreasing up until the pandemic and has now leveled out and might be increasing. That's bad at a macro level. Less people working, less output from the economy years from now. They weren't looking at the GDP right now or other recession indicators.