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Thread: Kids at Home Could Put the Economy in Detention

  1. #1

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    Default Kids at Home Could Put the Economy in Detention

    So when does this nightmare end?

    There are nearly 60 million prekindergarten, elementary, middle and high-school students in the U.S., and with online instruction a poor substitute for actual time in school, many of their educations risk being diminished. More immediately, school closings are creating a child care crisis that will make it hard for many parents to hold on to their jobs, making it even harder for either the labor market or spending to recover.

    A survey by Northeastern University economists Alicia Sasser Modestino, Jamie Ladge and Alisa Lincoln conducted in May and June found that 13.3% of working parents lost their job or reduced their hours because of a lack of child care.

    But the fall may be more fraught. In the spring many parents weren’t at work in any case as a result of lockdowns and so were able to supervise their children’s online learning. Now, with more businesses open, and more companies expecting their employees to return to the office, parents will be left scrambling.
    https://www.wsj.com/articles/kids-at...ets_lead_pos10

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  3. #2

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    Default Re: Kids at Home Could Put the Economy in Detention

    Schools releasing plans as far as opening up, but many are kicking the can down the road with no plan at all.

    What are your kids school districts doing?

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  5. #3

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    Default Re: Kids at Home Could Put the Economy in Detention

    Local school district is online only until 'at least' Oct 16th.

    Quote Originally Posted by Bullitt View Post
    Schools releasing plans as far as opening up, but many are kicking the can down the road with no plan at all.

    What are your kids school districts doing?
    Weatherweenie's Account Talk
    Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.

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  7. #4

    Default Re: Kids at Home Could Put the Economy in Detention

    Aug. 24, 2020: All schools open. All Pre-k and post secondary schools’ classes begin
    This is in Pinellas County Florida.

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  9. #5

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    Default Re: Kids at Home Could Put the Economy in Detention

    Here in the land of pleasant living all schools statewide will continue with virtual learning for the remainder of 2020, but is looking to re-open January 2021. All private schools in Maryland are exempt from this requirement and may re-open at their discretion.
    "the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark

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  11. #6

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    Default Re: Kids at Home Could Put the Economy in Detention

    New York schools got the much awaited green light from the governor to open, so now it's down to the unions. They can look like idiots or do the right thing.

    Business is going to be good for some of those struggling private schools with low enrollments. Many enrollments are so low they will be 5 days a week in the classroom, none of this hybrid ridiculousness.

    Let's be honest, remote learning is not a good deal.

    Good luck to all dual working households with children.

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  13. #7

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    Default Re: Kids at Home Could Put the Economy in Detention

    Future prospects certainly don't look good. The latest forecast from McKinsey.

    There is a vocal minority benefiting from this shutdown at the expense of everyone else.

    The US education system was not built to deal with extended shutdowns like those imposed by the COVID-19 pandemic. Teachers, administrators, and parents have worked hard to keep learning alive; nevertheless, these efforts are not likely to provide the quality of education that’s delivered in the classroom.

    All told, we estimate that the average K–12 student in the United States could lose $61,000 to $82,000 in lifetime earnings (in constant 2020 dollars), or the equivalent of a year of full-time work, solely as a result of COVID-19–related learning losses.
    https://www.mckinsey.com/~/media/McK...ates-FINAL.pdf

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