Commentary: COVID-19 could shrink earnings of 2020 graduates for years to come

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The looming economic downturn could have distinct consequences for the Class of 2020 that outlast the economic downturn itself, say observers.

The Class of 2020 could feel the effects of a recession well after the recession has ended.

FILE PHOTO: Students wearing protective masks leave after taking their exams in New Delhi, India, March 6, 2020. REUTERS/Anushree Fadnavis All else equal, it pays more to major in engineering than theatre. And these differences are magnified after recessions.WHAT YOUTHS CAN DOFirst, young people should take care of their health. While the individual risks of COVID-19 may seem low for them, young people can nevertheless get quite sick, and they can transmit the virus throughout their communities – including to their more vulnerable friends, neighbors and relatives.

A delivery worker rides a vehicle past a vendor waiting for customers in Jingzhou, after the lockdown was eased in Hubei province, the epicentre of China's coronavirus disease outbreak, March 27, 2020. REUTERS/Aly Song

 

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