The Organisation for Economic Co-operation and Development (OECD) said that disruption to schooling stemming due to the pandemic will cause a skill loss that will result in a 1.5% drop in global economic output for the rest of this century.
For the United States, the OECD said in a report published, with the bill rising higher still if disruption to education extends into the next academic year.
“Learning loss will lead to skill loss, and the skills people have relate to their productivity. Students from privileged backgrounds … could find their way past closed school doors to alternative learning opportunities. Those from disadvantaged backgrounds often remained shut out when their schools shut down,” the report said.
At the height of nationwide and local lockdowns, nearly 1.5 billion children were affected by school closures globally, according to the UN.