$6 million per life: Study calculates economic wreckage caused by US Covid-19 shutdowns | WHAT REALLY HAPPENED

$6 million per life: Study calculates economic wreckage caused by US Covid-19 shutdowns

With coronavirus lockdowns forcing businesses to shut their doors for months, a team of researchers has attempted to find out how many lives the restrictions saved in the United States and just how much economic damage was caused.

The sobering calculations found that the closures from the pandemic’s onset in March through to the rollbacks in May saved approximately 29,000 lives and came with a $169 billion price tag.

The number crunchers from HEC Paris business school and Bocconi University in Milan say this amounts to around $6 million per person.

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