The ‘long social distance’ could set U.S. workers aside indefinitely
According to a report, millions of Americans who left the workforce during the COVID-19 epidemic are expected to stay on the sidelines indefinitely.
Workers who choose to stay at home for fear of falling ill or having physical disabilities may exacerbate the national labor shortage over the years, According to the Wall Street Journal.
Nearly three million workforce dropouts have no desire to resume pre-Kovil activities, such as going to work, shopping in person or eating out, even after the epidemic is over, the newspaper quoted a team of researchers as saying.
The research team calls this phenomenon the “long social distance” and believes it is the permanent scar of the COVID-19 pandemic. Workforce dropouts are usually women who do not have a college degree and have worked in low-paying jobs, they added.
“Our evidence is that the workforce is not miraculously bouncing back,” said Nicholas Bloom, a Stanford University economist who oversaw a year – long survey. “We have not yet seen any change in these long-distance social numbers, which indicates that this decline in the labor-force partnership may be very permanent.”
A sharp decline in the labor force at the beginning of the epidemic led to a shortage of workers and products, which helped push inflation to a 40-year high. According to the Wall Street Journal, despite a significant recovery from March and April 2020, 22 million people are out of work, and the ranks of employed workers as of this March are 1.2 million lower than their pre-pandemic level.