Canadian Personal Finance Blog

H1N1 The Economic Impact

Now I am talking about the micro-economics view of the upcoming pandemic.

I have already noticed some very interesting things that is occuring in the name of the Pandemic of ‘09:

• The Upper Canada School board has closed their school’s gyms off hours (for non school events) to slow the Flu’s progress. This is an interesting one, are they then going to lock students up next? This means community groups’ meetings and events are being cancelled or postponed.
• More folks are taking sick leave than before. Are that many folks sick right now, or is it that folks who normally would have come into work are feeling the pressure to stay home because of the Pandemic? Not sure what the answer to that question is but I view this as a positive thing, less sick people at work or at school is a very good thing.
• People are coughing into their elbows, which is very interesting to watch, but I am not sure it is very safe when you are driving. What about those folks who are doing elbow bumps instead of handshakes? Are they inadvertently passing the Virus on?
• No one is talking about how bad the economy is, because they like to argue about whether or not to get vaccinated, which is good as well. Less people talking about the economy is a good thing (right now), hopefully it won’t cause anybody to buy Canada Savings bonds (yikes).
• People are missing work and school to get vaccinated, even though they are not in a High Risk group. I have a problem with that, if there are folks who SHOULD be getting the vaccine and they aren’t that is wrong (my opinion).

Will this somehow stall the recovery? Not sure, but there may be some ramifications at the micro level with more and more folks taking sick leave.

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