4.8 • 1.5K Ratings
🗓️ 20 September 2022
⏱️ 30 minutes
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0:00.0 | I'm David Goldstein, senior fellow at Civic Ventures. |
0:14.8 | If you're a regular listener of Pitchwork Economics, you know that we've talked a bit about |
0:20.1 | how weird this economy is right now, how different our inflation is from past inflations, |
0:28.4 | bizarre it is to have people talking about recession in the midst of a record low unemployment |
0:35.6 | and record high job reports. And there's a lot of reasons why this might be happening. |
0:43.5 | One of them that we feel hasn't gotten enough attention at least from the economic perspective |
0:48.5 | is the impact of long COVID. Perhaps tens of millions of Americans have in the past are now |
0:56.2 | suffering from long COVID symptoms. And it's surely had an impact on the labor shortage we've |
1:03.6 | been experiencing. And the economy as a whole, how much an impact has not been clear. But there's |
1:10.5 | actually some new numbers out and a new report by a previous Pitchwork Economics guest Katie Bach |
1:18.4 | at the Brookings Institute. And we're really fortunate to talk with Katie today about long COVID. |
1:25.8 | It's economic impact and it's very real impact on quality of life. |
1:39.4 | My name is Katie Bach. I am a non-resident senior fellow at the Brookings |
1:43.8 | Institution where I research topics related to job quality, low wage work, and increasingly |
1:50.4 | long COVID. Well, thank you for coming back. We talked to you. I believe it was January. |
1:56.5 | I lose track of time. There's no time in the era of COVID anymore. It all runs together. |
2:02.1 | And at the time, we were talking about why companies can't self-regulate their way to |
2:09.1 | inclusive capitalism. And in our conversation, the issue of long COVID came up. And there was |
2:17.6 | the question of whether it was worsening the labor shortage and nobody really knew at the time. |
2:26.0 | But there is new data. Could you tell us a bit about what we've learned? |
2:31.6 | Absolutely. So at the end of 2021, someone asked me what I thought the impact of long COVID |
2:38.9 | on the labor market was. And I was like, honestly, probably nothing. I mean, I just can't imagine |
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