It looks as if we can add another line to the long list of lockdown harms. Sloth.
This explains so much actually. For months, we’ve been watching working/population ratios and labor participation rates and have been stunned by how they both continue to plummet. We search for explanations. Early retirement. Women driven out due to childcare shortages. Unemployment payments.
All these factors contribute but there is still more to explain.
In the midst of the astonishing hullabaloo ov...
