I predict that the sharp rise in unemployment and economic uncertainty has increased in incidence of some mental illnesses, in particular major depression and substance use disorders.
This will continue to negatively impact the real economy for some time: depressed people are too anhedonic to consume things they don’t truly need, and the newly minted alcoholics won’t be as productive as they were pre-2020.
I predict that the sharp rise in unemployment and economic uncertainty has increased in incidence of some mental illnesses, in particular major depression and substance use disorders.
This will continue to negatively impact the real economy for some time: depressed people are too anhedonic to consume things they don’t truly need, and the newly minted alcoholics won’t be as productive as they were pre-2020.