New Coronavirus Booster Shots

Sep 19, 2022

News Resource: The Washington Post

NEWS:

Updated booster shots called bivalent boosters is said to prevent more than 100,000 hospitalizations in the coming months.

ANALYSIS:

1. THE BENEFITS OF BOOSTERS TO LABOR FORCE

+) Drawbacks

The Covid19 lockdown has caused the down rates of the labor force.

- Many people lost their jobs since companies could not pay wages for their employees.

- The demand for goods of customers decreased sharply because they had to save money and many people had their income decreased or even worse losing their jobs. The effect of decreasing income made the supply of goods went off. As companies didn't produce as many goods as before, they would no longer need the same number of workers.

- Some jobs were discarded because of the pandemic.

+)Benefits

The boosters will help to strengthen workers health so that the labor rates will increase.

=> People should get the booster as soon as possible and don't wait until the cases become worse because it will burst out.

2. THE BENEFITS OF BOOSTERS TO THE MARKET

People's health are strongly related to the wealth of the market.

- Labor force.

- The number of customers.

- Exportation.

3. THE BENEFITS OF BOOSTERS TO THE ECONOMY

When the number of coronavirus-infected patients is down, the economy will be able to rehibilitate.

Large number of infected patients forces the economy to shut down. Net exports depend on exportation. The national shutdown will hinder exportation.

Tourist industry is harmed a lot since the lockdown stops travelling.

The economy cannot meet the efficiency and productivity since production cannot operate effectively.

The unemployment rates increase sharply.

Trade cannot function well.