Presumably Steve Mnuchin will aim this effort at schools with children young enough not to throw COVID-19 parties on their own. With two successive blockbuster jobs reports showing momentum toward economic recovery from the pandemic, the question will eventually arise as to what ceiling we might expect for further growth back to normal employment levels. That doesn’t just relate to the recent spikes in positive COVID-19 rates, but also to a major structural problem — closed schools.
Thanks to the structure of our economy, too many households are either two-income or single-parent in nature. If children can’t go to school, then one parent can’t go back to work, and that means reduced economic production and lower consumer spending. Today, the Treasury Secretary hinted at specific relief aimed at accelerating school reopenings to remove that economic barrier (via Townhall’s Reagan McCarthy):
Treasury Secretary Steven Mnuchin says that the next phase of stimulus relief could include providing funding to schools so they can safely re-open: “I think in most cases schools will be able to open safely. some school will need to spend money.” https://t.co/ORld8tlzXO pic.twitter.com/xWUcsJVMja
— ABC News (@ABC) July 2, 2020