The COVID-19 shutdown will cost Americans millions of years of life

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Our governmental COVID-19 mitigation policy of broad societal lockdown focuses on containing the spread of the disease at all costs, instead of “flattening the curve” and preventing hospital overcrowding. Although well-intentioned, the lockdown was imposed without consideration of its consequences beyond those directly from the pandemic.

The policies have created the greatest global economic disruption in history, with trillions of dollars of lost economic output. These financial losses have been falsely portrayed as purely economic. To the contrary, using numerous National Institutes of Health Public Access publications, Centers for Disease Control and Prevention (CDC) and Bureau of Labor Statistics data, and various actuarial tables, we calculate that these policies will cause devastating non-economic consequences that will total millions of accumulated years of life lost in the United States, far beyond what the virus itself has caused.

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Study finds 44% of U.S. unemployment applicants have been denied or are still waiting

What it’s like being unemployed because of coronavirus

Since early March, over 36 million Americans have filed for unemployment due to the coronavirus crisis, marking the biggest spike in unemployment in U.S. history.

In response to these claims, states have paid a record $48 billion in unemployment benefits to people out of work but several recent studies have found that this total could have been much higher.

According to an analysis by One Fair Wage, a nonprofit organization that advocates for restaurant workers, only 56% of those who have applied for unemployment insurance are receiving benefits, meaning about 44% have been denied or are still waiting.

To be sure, states are dealing with an unprecedented volume of unemployment applicants, causing delays. Additionally, it is possible that some people have filed incorrectly, but advocates and experts are increasingly calling attention to workers who are being left out.

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Internet giants to staff: Plan to work from home for 2020

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Google exec says science drives decision to return to offices

Elon Musk wants people to return to work. Google and Facebook Inc. have another message for their staff: get ready to stay home for all of 2020.

Sundar Pichai, chief executive officer of Google and its parent, Alphabet Inc., told employees on Thursday to prepare to work remotely through October and possibly to the end of the year, according to people familiar with the decision. A spokeswoman confirmed that the majority of staff is expected to work from home until 2021.

Two weeks ago, Pichai wrote an email to his workforce that said some offices would open as soon as June. On Friday, Pichai told employees only about 10% to 15% of the workers would be on-site in June, with more returns varying by division and location, according to an internal memo. About 5% of employees now are working in Google offices, Pichai said. CNBC reported earlier on the memo. Most of the workforce won’t return until at least the end of October, according to the people, who asked not to be identified because they weren’t authorized to speak publicly.

On Thursday, Facebook told employees that they can work remotely through 2020 if they like. The social media company doesn’t expect to open most offices until July 6 at the earliest.

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‘Immunity Passports’ could create a new category of privilege

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Being infected with the virus could come with more freedom

 A new type of test uses a small blood sample to look for the presence of coronavirus antibodies.

In one version of the future, a new type of test that measures antibodies would help restore a sense of normalcy for some people even as the coronavirus pandemic drags on. With the right antibodies, some may be immune to the virus, unable to get sick or spread the virus to others. Widespread testing for these antibodies could pave the way for so-called immunity certificates, which would allow people who have already been exposed to the virus to return to public life.

But the hope may be dashed by significant scientific and ethical concerns. For starters, diagnostic testing is already extremely limited in the United States, to say nothing of the more experimental antibody testing. Experts worry that antibody testing isn’t guaranteed to prove immunity. And if it does, the resulting immunity passports could be used to discriminate against untested people and those who aren’t immune — in the workplace, for example. That could lead people to intentionally expose themselves to Covid-19, banking on the hope that they’ll survive and earn the documentation they need to reenter society.

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Goodbye to open office spaces? How experts are rethinking the workplace.

 

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The coronavirus pandemic is exacerbating workers’ worries about returning to jobs in these often debated floor plans.

DISTRACTING, INTRUSIVE, AND now a potential health hazard. The list of grievances against crowded open office floor plans is mounting, and as state officials mull how to safely reopen offices shuttered by the coronavirus, some people are wondering whether the design is on its way out the door.

“Before [the coronavirus outbreak], I requested to move to a corner desk to kind of get away from the coworkers who were more social and talkative,” says Ayla Larick, an employee at a Texas insurance broker. Larick is set to return to her office on May 1, as Texas reopens non-essential businesses, though her asthma puts her at heightened risk for COVID-19 complications, and she’s requested an extension to work remotely.

“I am a little nervous about returning, only because I’m less than six feet away from three other people the entire time I’m working on my computer,” she says.

Most companies are only just beginning to think about how they might change their corporate workspaces, with some experts saying the open floor plan could be redone with better consideration for personal space and stricter cleaning schedules. Others, however, say the pandemic is the final straw for the open office.

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Three hours longer, the pandemic workday has obliterated work-life balance

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Work From Home Has Nearly Doubled Our Load on Infrastructure: BT Consumer CEO

 People are overworked, stressed, and eager to get back to the office.

An executive at JPMorgan Chase & Co. gets unapologetic messages from colleagues on nights and weekends, including a notably demanding one on Easter Sunday. A web designer whose bedroom doubles as an office has to set an alarm to remind himself to eat during his non-stop workday. At Intel Corp., a vice president with four kids logs 13-hour days while attempting to juggle her parenting duties and her job.

Six weeks into a nationwide work-from-home experiment with no end in sight, whatever boundaries remained between work and life have almost entirely disappeared.

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7 career skills that are super important right now

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To say COVID-19 has turned the business world upside down is an understatement. From pivoting to remote work to facing abrupt career setbacks, we are navigating turbulent waters.

But as the famous Franklin D. Roosevelt quote goes, a smooth sea never made a skilled sailor. There are crucial career skills that can help you not only survive the current storm, but also learn to thrive in it and emerge stronger and better.

We’ve asked Roy Cohen, career coach and best-selling author of “The Wall Street Professional’s Survival Guide,” for his insights on the career skills that are super important right now.

Master the competencies below and you’ll be equipped with evergreen expertise that will help you face even the most volatile or brutally competitive scenarios with grace.

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Three hours longer, the pandemic workday has obliterated work-life balance

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Work From Home Has Nearly Doubled Our Load on Infrastructure: BT Consumer CEO

People are overworked, stressed, and eager to get back to the office.

An executive at JPMorgan Chase & Co. gets unapologetic messages from colleagues on nights and weekends, including a notably demanding one on Easter Sunday. A web designer whose bedroom doubles as an office has to set an alarm to remind himself to eat during his non-stop workday. At Intel Corp., a vice president with four kids logs 13-hour days while attempting to juggle her parenting duties and her job.

Six weeks into a nationwide work-from-home experiment with no end in sight, whatever boundaries remained between work and life have almost entirely disappeared.

With many living a few steps from their offices, America’s always-on work culture has reached new heights. The 9-to-5 workday, or any semblance of it, seems like a relic of a bygone era. Long gone are the regretful formalities for calling or emailing at inappropriate times. Burnt-out employees feel like they have even less free time than when they wasted hours commuting.

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U.S. newspapers have shed half of their newsroom employees since 2008

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Newsroom employment in the United States declined 23% between 2008 and 2019

Newsroom employment at U.S. newspapers continues to plummet, falling by around half since 2008, according to a new Pew Research Center analysis of Bureau of Labor Statistics data. But a modest increase in jobs after 2014 in other news-producing sectors – especially digital-native organizations – offset some of the losses at newspapers, helping to stabilize the overall number of U.S. newsroom employees in the last five years.

The years covered in the current analysis predate the spread of the coronavirus in the United States. The economic effects of the virus have led to a fresh round of layoffs, pay cuts and other changes at U.S. media outlets, especially newspapers.

From 2008 to 2019, overall newsroom employment in the U.S. dropped by 23%, according to the new analysis. In 2008, there were about 114,000 newsroom employees – reporters, editors, photographers and videographers – in five industries that produce news: newspaper, radio, broadcast television, cable and “other information services” (the best match for digital-native news publishers). By 2019, that number had declined to about 88,000, a loss of about 27,000 jobs.

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10 ways COVID-19 could change office design

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COVID-19 has upended working life, changing how and where people do their jobs.

 Millions of people in China have returned to work, and other countries are considering easing lockdowns in phases.

Organizations should plan how to adapt offices to comply with social distancing rules.

Real estate company Cushman & Wakefield has designed an office where workers can keep six feet apart.

But with governments and companies around the world looking to ease lockdowns, minimizing virus transmission at work is now at the top of many organizations’ agendas.

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The big freelance skills needed as companies rebuild after COVID 19

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Over twenty two million Americans lost their jobs in a little less than a month due to COVID 19. It took the Great Depression more than four years to achieve an equivalent level of unemployment.

Millions of freelancers around the world have also lost critical project and consulting work; many clients have closed up shop. Gigsters have struggled to make a living as companies focus on conserving cash, reducing non-essential expense, and planning for an uncertain post COVID 19 world.

So, it made sense to ask freelance platform CEOs and thought leaders this question in our series, the freelance revolution during COVID 19:

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Marc Andreessen : It’s time to build

IT’S TIME TO BUILD

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Marc Andreessen

Every Western institution was unprepared for the coronavirus pandemic, despite many prior warnings. This monumental failure of institutional effectiveness will reverberate for the rest of the decade, but it’s not too early to ask why, and what we need to do about it.

Many of us would like to pin the cause on one political party or another, on one government or another. But the harsh reality is that it all failed — no Western country, or state, or city was prepared — and despite hard work and often extraordinary sacrifice by many people within these institutions. So the problem runs deeper than your favorite political opponent or your home nation.

Part of the problem is clearly foresight, a failure of imagination. But the other part of the problem is what we didn’t *do* in advance, and what we’re failing to do now. And that is a failure of action, and specifically our widespread inability to *build*.

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Discover the Hidden Patterns of Tomorrow with Futurist Thomas Frey
Unlock Your Potential, Ignite Your Success.

By delving into the futuring techniques of Futurist Thomas Frey, you’ll embark on an enlightening journey.

Learn More about this exciting program.