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Repricing work and consumption in the wake of Covid-19

When Covid-19 gripped the global economy in the first half of 2020, there was an immediate shock to the economic system because the “price” of doing work in person was suddenly, and quite dramatically shifted. If the virus mitigation measures and vaccines rollouts over the past 19 months had put the world on a path to sustainable economic recovery heading into 2022, the negative economic impacts would be going away quickly right now.

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