The New York Post ran our summary of the effects of school closures at three years — which were every bit the disaster we said they would be from the beginning: educationally, economically, and socially. The silver lining? A resurgent school choice movement.
A good estimate for the lifetime earning and wealth losses to today’s children is provided by the chart below. These percentage losses equate to trillions of dollars of lost income over time.
Percent Change in Labor Income and Wealth for Current Primary and Secondary School Students due to Learning Loss from School Closures