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https://www.barrons.com/articles/la...ons-sick-long-covid-51638923422?mod=hp_LEAD_1
Interesting article in Barrons. I suspect a pay wall will prevent most from accessing it. Sorry about that. Here's some snippets.
Barron’s dug further. Here’s another theory about where the workers have gone: Many are suffering from what has come to be known as long Covid, or lingering negative effects of the virus, preventing a bigger-than-appreciated share of working-age people from resuming normal work lives.
It is hard to quantify the number of people out of the workforce because of lingering Covid symptoms, both because of the many economic changes the pandemic has unleashed and because long Covid is still somewhat of a medical mystery. But Parshall and McNulty are representative of a subset of workers who are now on the sidelines involuntarily and indefinitely, which suggests the pandemic’s effect on the labor market may be more complicated than policy makers and investors have assumed. In turn, expectations about companies’ ability to meet customer demand may be muddied further, along with the inflation outlook.
Studies suggest that a sizable number of people suffer from post-Covid symptoms months after recovering from the virus. Researchers at Penn State College of Medicine say more than half of those diagnosed with Covid-19 experience long Covid, while the Lancet medical journal says 57% of hospitalized patients and 26% of non-hospitalized patients show post-Covid symptoms months after infection.
Based on his research and communications with members of his group, Bunker estimates that roughly 20% of Covid cases in the U.S. turn into long Covid, and that at least half of that slice isn’t able to work. Doing some back-of-the-envelope math, that’s 4.6 million people. Some may have fully recovered by now, and not all of them would have been working before symptoms struck; Dr. Schluger says he has seen some patients in their 80s. But even assuming, conservatively, that around half of them had been in the workforce in some capacity, that suggests about two million people could be out of the labor market because of long Covid.
There are some anecdotal stories in the article and some discussion of the effects of long covid and the difficulties in diagnosis and reporting. One bright note, most patients with long covid do recover in a year or two. At least at present it doesn't seem to be life-long in a significant number of people.
Interesting article in Barrons. I suspect a pay wall will prevent most from accessing it. Sorry about that. Here's some snippets.
Barron’s dug further. Here’s another theory about where the workers have gone: Many are suffering from what has come to be known as long Covid, or lingering negative effects of the virus, preventing a bigger-than-appreciated share of working-age people from resuming normal work lives.
It is hard to quantify the number of people out of the workforce because of lingering Covid symptoms, both because of the many economic changes the pandemic has unleashed and because long Covid is still somewhat of a medical mystery. But Parshall and McNulty are representative of a subset of workers who are now on the sidelines involuntarily and indefinitely, which suggests the pandemic’s effect on the labor market may be more complicated than policy makers and investors have assumed. In turn, expectations about companies’ ability to meet customer demand may be muddied further, along with the inflation outlook.
Studies suggest that a sizable number of people suffer from post-Covid symptoms months after recovering from the virus. Researchers at Penn State College of Medicine say more than half of those diagnosed with Covid-19 experience long Covid, while the Lancet medical journal says 57% of hospitalized patients and 26% of non-hospitalized patients show post-Covid symptoms months after infection.
Based on his research and communications with members of his group, Bunker estimates that roughly 20% of Covid cases in the U.S. turn into long Covid, and that at least half of that slice isn’t able to work. Doing some back-of-the-envelope math, that’s 4.6 million people. Some may have fully recovered by now, and not all of them would have been working before symptoms struck; Dr. Schluger says he has seen some patients in their 80s. But even assuming, conservatively, that around half of them had been in the workforce in some capacity, that suggests about two million people could be out of the labor market because of long Covid.
There are some anecdotal stories in the article and some discussion of the effects of long covid and the difficulties in diagnosis and reporting. One bright note, most patients with long covid do recover in a year or two. At least at present it doesn't seem to be life-long in a significant number of people.