Complete News World

How do you come to life?

How do you come to life?

In recent days, reports have been issued by several international organizations indicating a slower than expected economic recovery and deterioration of some factors, namely the increase in inflation and the fragility of global value chains. But because economics is a social science – it influences and is affected by the behavior of people and organizations – it is crucial to pay some attention to the effects of the pandemic on social well-being, or else we will neglect the fundamental stage of economic recovery: people. This comes from a report published by the OECD’s WISE Center two weeks ago on the evolution of well-being in the first 15 months of the pandemic. Some conclusions demonstrate the significant impact of the pandemic on the way we live, work and interact:

1. The excess mortality rate in OECD countries averaged 16%, resulting in a 7-month reduction in life expectancy in 2020.

2. Despite the mobilization of emergency financial resources, the number of working hours has decreased significantly, and one in three persons has reported greater economic hardship.

3. Teleworking helped protect people in higher-skilled and better-paid jobs, but it was not a viable option for most workers. Low-income workers were twice as likely to be out of work and about half as likely to work remotely.

4. The underutilization of the labor market reached 17% in 2020, and 13% of young people are not adherents (they neither work nor participate in education or vocational training activities), eroding all gains made since the 2008 financial crisis.

5. Nearly 25% of the population of OECD countries, during that 15-month period, showed signs of depression and anxiety. Feelings of loneliness and isolation increased significantly.

See also  Health in Amazonas warns of the growth of dengue fever outbreaks