04/13/2020
In the 14th century the Bubonic Plague, otherwise known as the Black Death, killed at least 30% of the population in Europe. In addition, itâs estimated that over 100 million people died worldwide during this Plague. Since none of us were around then, I think itâs safe to say that we have never experienced anything like COVID-19.
With its arrival, COVID-19 has caused unforeseen damage to the economy. The number of people unemployed is at record levels, and entire industries seem to have disappeared.
Since weâve never experienced anything like this, and have no simulation models, how should we respond? In giving that some thought, I would like to share a few ideas.
With its arrival, COVID-19 has caused unforeseen damage to the economy. The number of people unemployed is at record levels.