‘Children with poorer parents suffer more’: How could school closures affect a student’s future earnings potential? Here’s one theory

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6 months of school closures could result in an average 1% less earned every year over a worker’s lifetime, according to new projections. And the closures may have saved the lives of more than 40,000 people, other research found.

For parents wondering about the lasting consequences for kids hanging around the house while the coronavirus pandemic physically shut down their schools this spring, a new study has one guess — and it’s a troubling one.

Missed school time could pinch younger kids’ future finances even more, researchers projected. It does not include those parents who may decide to hold their children back a year due to missing out on so much in-person schooling in 2020. Across the country, schools physically closed in March to slow the spread of coronavirus. As schools swung to remote learning, the physical closures may have saved the lives of more than 40,000 people, other researchers estimated in a July study published by JAMA.

Proponents of virtual learning say a remote model is what’s still needed to fight the virus’ spread. The United States had 6.3 million cases as of Wednesday and 189,680 deaths, according to data aggregated by Johns Hopkins University. Worldwide, there are 27,590,978 confirmed reports of coronavirus. “On average , the model implies an increase in the future share of children without a high school degree of 3.8% and a reduction of the share of children with a college degree of 2.7% when both school closures and the economic recession is taken into account,” the study said.

 

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What a fat load of shit lol. There is no way to place a dollar estimate on the value of education. Way too many factors. If I had to guess though, it's probably less of a loss than that.

We just did the school closures. Did the researchers have a time machine to go into the future to conclude this? What a bunch of malarkey! 🤓

Then just cut taxes 1% year over year. Problem solved 😂

Well, no shit

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