Who suffers most from Melbourne's extended lockdown? Hint: They are not necessarily particularly vocal
Businesses are protesting vociferously about Victoria's extended lockdown. It's 'gut-wrenching,' 'devastating,' a 'trainwreck,' a 'death knell.' Yet businesses and shareholders are far from representative of those most at risk. The best evidence we've got suggests the hardest hit are Victoria's already disadvantaged. Those arguing for extended lockdowns make the point that they are not as costly as they might seem (to anyone) because their effects need to be compared not with business as usual, but with business in which a pandemic encourages people to stay at home and reduce spending.
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