From economics professor Justin Wolfers:
This is stunning: Nearly half of the Q1 decline in GDP can be attributed to healthcare, which is presumably delaying of elective procedures.
It’s a strange reality that in the midst of a pandemic, we have a healthcare-led recession.
Wolfers has figured out that shutting down a significant part of the economy has adverse consequences. This is why so many physicians and nurses have been laid off or have been kept on the payroll so they can coordinate dance routines for TikTok (this is a new one, you should really check it out).
They told us all this was necessary to ‘flatten the curve’ and save lives. Of course, that was a lie; the curve was already flat, well below system capacity and they only thing they DID flatten was our economy.