Question

In: Economics

Currently, there is a debate in California about when, and how, to reopen businesses and schools....

Currently, there is a debate in California about when, and how, to reopen businesses and schools. Since the lockdown, our economy has all but stopped. Most businesses have been forced to close, the numbers of unemployed workers are at levels not seen since the 1930s, and children are suffering from being out of school. Some are saying that if we don't get back to normal soon it will take us years to recover, if at all. Others are saying that if we reopen too soon, a second wave of the COVID virus will rival that of the deadly Spanish Flu, and the human and economic costs will be even worse - we've been here before. what course of action do you think we should take? Why?

Solutions

Expert Solution

The ongoing global pandemic has forced many businesses to stop functioning and the numbers of unemployed workers are at levels not seen since the 1930s. Also, schools are closed and children are suffering due to this. It is true that economy is suffering, however things cannot get to normal too soon. If the economy opens at this stage, then a second wave of the COVID virus will start which would result in very high human and economic costs. The economy should remain in lockdown until the situation gets better, otherwise the number of infected people which is already so high would rise further and would lead to situations which would be imppossible to handle. Practicing social distancing and online classes is the only possible way to teach students in this scenario. The economies are already facing deficits and opening businesses and schools at this point would create more problems by increasing the number of COVID virus patients. California should not reopen and remain in lockdown so that they can come out of this pandemic soon.


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