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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Cure worse than the disease?

Cure worse than the disease?

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  • George KG Offline
    George KG Offline
    George K
    wrote on last edited by George K
    #1

    We must count the deaths from shutdowns as well as from coronavirus

    Job losses cause extreme suffering. Every 1 percent hike in the unemployment rate will likely produce a 3.3 percent increase in drug-overdose deaths and a 0.99 percent increase in suicides, according to data from the National Bureau of Economic Research and the medical journal Lancet.

    These are facts based on past experience, not models. If unemployment hits 32 percent, some 77,000 Americans are likely to die from suicide and drug overdoses as a result of layoffs. Deaths of despair.

    Then add the predictable deaths from alcohol abuse caused by ­unemployment. Health economist Michael French from the University of Miami found a “significant association between job loss” and binge drinking and alcoholism.

    The impact of layoffs goes ­beyond suicide, drug overdosing and drinking, however. Overall, the death rate for an unemployed person is 63 percent higher than for someone with a job, according to findings in the journal Social Science & Medicine.

    Now do the math: Layoff-related deaths could far outnumber the 60,400 coronavirus deaths predicted by University of Washington researchers. This comparison isn’t meant to understate the horror of the coronavirus for those who get it and their families.

    On Monday, governors in several states heavily hit by the coronavirus announced they would work together regionally on plans to phase out the shutdown. On Tuesday, Trump announced a council assembled to formulate plans for reopening the nation for business.

    It won’t be done by a flick of the switch. Getting back to business will hinge on testing, accommodations employers make for workers’ safety and the willingness of consumers to patronize restaurants, gyms and other businesses again.

    The president’s public-health advisers want the virus to“determine the timetable.” But Trump should also take into account the concerns of the silent majority suffering from the shutdown. It’s more than just their jobs on the line. Their lives are, too.

    Betsy McCaughey, a former lieutenant governor of New York, is chairwoman of the Committee to Reduce Infection Deaths.

    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

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    • jon-nycJ Online
      jon-nycJ Online
      jon-nyc
      wrote on last edited by
      #2

      I need to add to my list of shit arguments to downplay Covid the idea that the base case for these comparisons is the status quo ante.

      As if the ‘hold my beer‘ strategy would have caused no economic disruption whatsoever.

      Only non-witches get due process.

      • Cotton Mather, Salem Massachusetts, 1692
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      • CopperC Offline
        CopperC Offline
        Copper
        wrote on last edited by
        #3

        32 percent unemployment <> status quo ante

        1 Reply Last reply
        • George KG Offline
          George KG Offline
          George K
          wrote on last edited by
          #4

          What has been the economic impact on countries that didn't even try to mitigate this? My SWAG is that it's significant.

          "Now look here, you Baltic gas passer... " - Mik, 6/14/08

          The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

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