The coronavirus crisis could be the historical event that sparks a socially-conscious shift in Americans' political priorities, experts told CNBC.
The United States has confirmed 759,696 cases of Covid-19 and over 40,000 deaths from the virus to date, according to data compiled by Johns Hopkins University. New York state, which has had 238,831 cases of the coronavirus, now has a higher number of confirmed casesEffects of the outbreak are also being felt economically, with lockdown and shelter-at-home measures leading to record jobless claims.
However, the devastation wrought by the coronavirus could push U.S. voters to favor policies supporting social security measures like universal health care or stronger retirement schemes, according to Housel. 1918 influenza pandemic. Neither of those events had a significant long-term effect on Americans' political stance, he said, but the coronavirus crisis may be the "final shock" needed to alter public thinking.
"The longer the lockdown goes on, the more severe the damage will be to employment, economics, and the livelihood of people," he said in a phone call.
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