An intergovernmental agency that works to stimulate economic development has warned that pandemic-related disruption to schools could cost America’s economy around $15 trillion in lost output over the rest of the century.
The Organization for Economic Cooperation and Development (OECD), which besides the United States includes 36 member countries, said in a Sept. 8 streamed press conference and accompanying report (pdf) that researchers found a significant “corona-induced loss of skills” as schools closed to curb the spread of the Chinese Communist Party (CCP) virus. The agency concluded that the pandemic-related interruption to education would, over the remainder of the century, cost the U.S. economy 1.5 percent of gross domestic product (GDP).
