The Lockdowns Instituted By State Governors and Foreign Governments Accomplished One Thing in 2020. They Cost $3.7 Trillion In Global Income.

FILE - In this July 18, 2020, file photo a closed sign hangs in the window of a barber shop in Burbank, Calif. California's unemployment rate edged up nearly 1 percentage point last month as the state shed more than 52,000 jobs led by the pandemic-hobbled restaurant and lodging industries, the state's beleaguered Employment Development Department reported Friday, Jan. 22, 2021. (AP Photo/Marcio Jose Sanchez, File)

Here’s some information you never hear from state governors, especially in states like California, New York, Michigan and Washington where lockdowns have been so severe and so arbitrary in the past year since the start of the coronavirus pandemic.

Because of their actions, and based on referrals from people like Dr. Anthony Fauci, where they go all in on complete shutdowns, four times as many jobs were lost last in 2020 because of the pandemic than were lost during the worst part of the financial crisis of 2009.  That’s according to a report from the U.N on Monday.“This has been the most severe crisis for the world of work since The Great Depression of the 1930s. Its impact is far greater than that of the global financial crisis of 2009,”  The International Labor Organization Director-General Guy Ryder told the AP.

The fallout was almost equally split between reduced work hours and “unprecedented” job losses, he said in the statement.

Consider this; the ILO said that because of restrictions on businesses and public life  placed on people, it destroyed 8.8% of all work hours around the world. That is roughly 255 million full-time jobs, and four times worse than what happened in 2009.

Women and young people took the biggest hit according to the ILO’s report, and the drop in work worldwide translated to a loss of $3.7 trillion in global income.

If you’re looking for a bright side in this, the ILO report says there should be a nice positive return of jobs in the second half of 2021. But, that hinges on the rollout of the COVID-19 vaccines, and a reduction in people being infected worldwide.

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