Yes, lockdowns are costly. But the alternatives are worse
- Written by Patrick Abraham, Research Assistant - Health Economics, The University of Melbourne
Lockdowns are costly. They damage businesses and livelihoods.
Victoria’s recent lockdown cost about $100 million a day in lost economic activity, according to Victorian Treasury. NSW’s current lockdown will cost about $140 million a day, according to AMP. The total cost of current lockdowns affecting Sydney, Darwin, Brisbane and Perth...
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