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Re:Bill Gates calls for nationwide shutdown by nroets on Wednesday April 01, 2020 @11:20AM (#22749564)
The virus will kill 2 million in the US if nothing is done and only 100k with shutdowns.[1] But note that we may need 400 days of shutdowns over a 2 year period. [2]

Economies with good human capital recover after disaster, like the Japan and Germany did after WWII.

[1]: See Page 7 and 13 https://www.imperial.ac.uk/media/imperial-college/medicine/s...

[2]: Second paragraph of page 15

Re:Bill Gates calls for nationwide shutdown by iso1631 on Wednesday April 01, 2020 @12:02PM (#22750130)
OK, 2 million dead. Most victims are fairly old -- lets say average life expectency of victims without COVID is say 15 years.

That's 30 million years of life without a lockdown. In the U.S. a year of life is under $150k, so that's an upper "value" of lockdown of $4.5T

U.S. GDP is 21T, so a 25% drop in GDP caused by a lockdown would not be value for money.

"How can you equate money with life saved"? Ask that when nobody is uninsured.

Re:Bill Gates calls for nationwide shutdown by shawnb576 on Wednesday April 01, 2020 @05:07PM (#22753513)
"OK 2 million dead". Wow, who says something like this? Unreal.

>> In the U.S. a year of life is under $150k

Um, no that's not even close. It's $10M[1] based on VSL. Try your math again.

[1] https://en.wikipedia.org/wiki/Value_of_life

Re:Bill Gates calls for nationwide shutdown by sershe on Thursday April 02, 2020 @11:11AM (#22759886)
How do you count the impact of economic disruption on people? Even on the lower end, you should count fractional loss of life for people forced into survival mode, the stress, etc. You also have to count knock-on effects on people who become homeless, have a bad childhood affecting their entire life, etc.

If you are so inclined, how do you count the dip in births during the bad economy? That is 80+ years of life expectancy each, whereas the GP is over-estimating the life expectancy loss from COVID, I think the average age of the dead in Italy, after overwhelming healthcare, is over 80.

Then, on the higher end, economic collapse of the Soviet Union reduced life expectancies so much that that probably destroyed more life years than hypothetical COVID epidemic ever could, all by itself; before you count the above.

The year of life estimate of $10M is also preposterous. If I gave you a choice of living to 85 with average wage lifetime earnings, or 84 with the same +$10M, which would you take?

Re:Bill Gates calls for nationwide shutdown by baq on Wednesday April 01, 2020 @05:03PM (#22753483)
you don't have parents or grandparents? or did you just write them off for a max of $900k loss incurred? maybe less if you count inheritance...
Re:Bill Gates calls for nationwide shutdown by gullyfur on Wednesday April 01, 2020 @11:41AM (#22749823)
> Economies with good human capital recover after disaster, like the Japan and Germany did after WWII.

It’s worth noting that the United States invested in repairing the economies of both nations after WWII