- cross-posted to:
- economics
- cross-posted to:
- economics
Long COVID isn’t just a health issue—it’s hitting wallets and workplaces hard. Millions of Americans are struggling to return to work months after their initial infection, and the economic toll is staggering as governments and employers scramble to address this growing challenge.
“It’s a myth to assume this data reflects issues limited to unvaccinated individuals, retiring adults, or people with pre-existing medical conditions,” says Arjun Venkatesh, MD, professor of emergency medicine at Yale School of Medicine and the primary author of the study. “Our cohort tends to be younger and highly vaccinated, yet the reality is that they continue to have prolonged symptoms after an acute COVID infection, which significantly affects their ability to work.”
By keeping so many people out of the workforce, Long COVID has a significant impact on the economy, too. Researchpublished in Nature Medicine estimates that over 400 million people worldwide have developed Long COVID at some point, resulting in an annual global economic cost of $1 trillion.
“It’s difficult to conceptualize what $1 trillion really means,” says Ziyad Al-Aly, MD, chief of Research and Development Service at Veterans Affairs St. Louis Health Care System and the study’s senior author. “It’s about 1% of the global GDP and that’s significant. That 1% loss of the total productivity of all humans around the world is a significant drag on progress and economic expansion.”
Yes, that is exactly the problem with long COVID. Reduced production and profits. Not that people are genuinely suffering. No, no. The money. Yes that’s it.
Devil’s advocate: telling the side of the story that scares CEOs drives change.
Wages not being earned hurts families who depend on them
I think this is an important angle for bosses, investors, and legislators to digest. If they were made to understand the impact on profits and economy, they might not be so eager to push employees into work conditions that spread the disease.
Yeah. It’s the sort of article which will be incredibly useful for advocacy. Because Long COVID research doesn’t receive much funding and the incoming administration has said and I quote “we plan to dismantle to long COVID medical industrial complex” (ie. stop investing in long COVID research)
You know what else hurts profits and productivity? The lack of socialized medicine. Great for the middle man, but not much else.