'Generation Covid' - The disproportionate impact of covid on the young (and the poor)
The big second lockdown in the UK is soon to be lifted, and Bo Jo is already making speeches about how 'this has been a great show of national unity' with everyone having 'pulled together in the national spirit' and 'everyone having done their bit' to combat the spread of the Pandemic.
But unfortunately such rhetoric about how 'we're all in this together' disguises the unequal distribution of the negative economic consequences of Covid.
Basically, it is the working poor and the young who have suffered the most economically over the past year according to a recent report from the London School of Economics
According to a survey of 10 000 people, 1 in 10 young people aged 16-25 have lost their jobs in the last year, which is twice the rate of older workers.
The report also looks at the unequal impact on education -
Children from low income households lost out on a lot more education than children from higher income households....
Polarisation is the likely outcome here
Let's face it, the Tories are in power, they look out for their own - the old and the rich, as evidenced by the latest budget keeping the Capital Tax Gains allowance firmly in place for the next five years.
The next few post-covid (or mutating covid) years are going to see strained public finances, with higher levels of debt to pay off and less tax money coming in - and the government's hands are tied when it comes to cutting health and education given that these have been and will continue to be in the front-line of the public response to Covid going forwards.
This means there is no support money left for the poor and the young negatively impacted by the Pandemic.
These people are on their own, and if they choose to pursue regular education and career paths as life-strategies they are probably screwed, given that these are already stitched up by the middle and upper classes who have been less covid-impacted.
No, for the young and the poor, the only viable life-strategies are alternative ones - they'll have to innovate or suffer lives of misery and poverty.
You can read the full report here.
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This is where crypto may a role to play if these people so choose. There are many who waste countless hours on legacy social media platforms that could be spent here, building something.
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I know what you mean - 5 years of building on crypto social based media could yield you a living wage in some parts of the world!
The parties are irrelevant - always have been - as how for the plebs.
This last year has shown the agenda - a coordinated global socialistic/technocratic push... (that will fail - because I'm an optimist!).
I just wonder how the youth are going to react!
Depressingly passive so far...wtf...
Well, all the heads can say is how much being locked up has controlled the virus, but few realize if actually everyone staying isolated are alright or they're just a bunch of bones locked in a house.
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As far as I can tell it's been polarising - if you had a stable job and a nice home life you've done OK, if you had an unstable job and a crap home life it's been terrible!
Yes, this has been hitting the poor and the lower middle class very hard. All over the world I think. Since my wife and I work in the schools, we were able to continue working and getting paid. I can't even wrap my head around what it would have been like had we both been laid off. Seeing the stories on TV about how ill prepared the unemployment system was for this is just sickening.
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Working in a school or for the NHS is like a double edged sword - your job is secure but it must be so stressful.
The UE system here is geared up to helping people in low income jobs, not really people with NO job so it's all a bit of a mess!
Yeah, it can get pretty crazy at times. Especially lately with the move to lots of online instruction!
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