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Re:Unicorn layoffs keep piling up by manfredo on Wednesday April 15, 2020 @11:18PM (#22885692)
Again, people keep talking about millions of people dying. The current US death projection is 60,000. Let me put this in context for you: 600,000 people die each year due to cancer. ~30,000 due to car crashes. Additional mortality amounting to one tenth as many people dying from cancer is not going to crash an economy. Both you and the other respondent are multiple orders of magnitude off in terms of your projected death rates for this virus.

The idea that the economy would collapse due to the amount of people dying of coronavirus does not hold water. Even if widespread infection did occur, the mortality rate among working age people is well below 1%.

Re:Unicorn layoffs keep piling up by CydeWeys on Wednesday April 15, 2020 @11:28PM (#22885751)
The current US death projection is 60,000 precisely because the strict social distancing is working. You sound like an anti-vaxer, arguing that measles isn't that bad and that the vaccine isn't necessary, when the vaccine is precisely the reason in the first place that measles isn't that bad!

You can't argue against measure X by using the successful results of X to say that X didn't work in the first place!

Re:Unicorn layoffs keep piling up by manfredo on Thursday April 16, 2020 @12:27AM (#22886040)
Unlike a vaccine, social distancing likely won't reduce the total of people that will get infected. Social distancing also doesn't increase your chances of surviving an infection. It is useful in reducing the rate of transmission, so it slows down infections rather than immunizing people against them. Trying to equate opposition to social distancing to denying the effectiveness of vaccines so so overly simplistic that I have a hard time it was written in good faith.

And right that the question is to compare the actual death toll to the death toll that would have happened without social distancing. Say 310,000 people would have died without social distancing (more than 5x the current projections). That's 250,000 additional deaths. That would be $100M per death averted assuming a $2.5T cost of the social distancing measures - that's ~10% of GDP. The US so far is expecting losses about twice that.

Re:Unicorn layoffs keep piling up by nullc on Thursday April 16, 2020 @01:30AM (#22886411)
> social distancing likely won't reduce the total of people that will get infected. Social distancing also doesn't increase your chances of surviving an infection.

There is substantial evidence for other viral infections that infection severity (spanning from asymptomatic to dead) is related to dosage.

There is limited information so far for covid19 but some informal evidence that this is true for it too: Young healthcare workers appear to be dying a a much higher rate than similarly healthy members of the public who are sars-cov-2 positive.

If this is the case, social distancing will reduce the number of people who get serious infections and reduce the number who die.

Even if not, preventing overload of the hospitals will significantly reduce the number who die. Delaying infections until we better know how to treat the disease from anti-virals to simply care techniques will almost certantly reduce the number who die.

> Say 310,000 people would have died without social distancing (more than 5x the current projections). T

CDC's projection was 1.7 million dead before accounting for hospital overload.

Re:Unicorn layoffs keep piling up by manfredo on Thursday April 16, 2020 @02:13AM (#22886633)
These early predictions were based inflated fatality rates. Early on, testing was only done on sick patients. People who contract the virus and don't get sick or don't get sick enough to go to the hospital aren't counted. So this is a huge selection bias. You didn't bother to cite where you're getting this figure, but it looks like this projection dates back to March 13 [1] or earlier.

If you have a study that projects what the fatalities would have been with a shorter isolation period (e.g. only march and first two weeks of April), that would be noteworthy. Pointing to this early CDC study as a figure for what would have transpired had the economy not been shut down is not sound.

1. https://nymag.com/intelligencer/2020/03/cdcs-worst-case-coro...

Re:Unicorn layoffs keep piling up by nullc on Thursday April 16, 2020 @04:27AM (#22887318)
> These early predictions were based inflated fatality rates.

Not so, for example the mortalities from the diamond princess are _higher_ than the ones being used to drive those projections. The fact that it takes time for people to die has held down the estimated mortality during exponential case growth.

Re:Unicorn layoffs keep piling up by manfredo on Thursday April 16, 2020 @01:13PM (#22891455)
The diamond princess' fatality rate was less than 1% - lower than the 1-3% used to drive early projections. Not to mention the fact that the cruise liner is disproportionately older, and the whole vessel recirculates its ventilation. This was, quite possibly, the worst population and location to have an outbreak and yet the death rates there were lower than the figure used for country-wide projections.

Effectively every reputable source is observing that the early death rate projections were substantially inflated. China's reported death rate is 0.5% - and they're the ones with the most experience with the virus. Germany only recent started random testing. They previously had a fatality rate of 2%, but after random testing they found that 14% of the population already had antibodies - thus lower the death rate down to 0.37% [1]. There's a vast difference between asking "out of the people who got sick enough to go to the hospital, what portion people infected with coronavirus died?" and "what portion of people infected with coronavirus died".

Re:Unicorn layoffs keep piling up by nullc on Friday April 17, 2020 @03:28PM (#22902148)
> The diamond princess' fatality rate was less than 1% -

You're using old data. 2% of the diamond princess infected have died so far. Another 7% of the infected are still reported as not recovered yet.

https://www.mhlw.go.jp/stf/newpage_10867.html

Re:Unicorn layoffs keep piling up by CydeWeys on Thursday April 16, 2020 @04:57PM (#22893482)
You still don't seem to understand that most of the social distancing was inevitable, not a choice. There is the worst fucking worldwide pandemic going on in over a century now. People are not going to be going about their everyday business. There was always going to be many trillions of dollars in economic damage once COVID-19 reached our shores, period, end of story. You're living in a fantasy land by pretending that none of that was going to happen without the social distancing measures.

I would love to be able to look inside your head and see what you think society would look like right now in the middle of an uncontained global pandemic with everyone just going about business as usual, continuing to pack bars and restaurants, no companies cutting back on jobs, etc. It's an utter, complete fantasy land.

Re:Unicorn layoffs keep piling up by manfredo on Thursday April 16, 2020 @09:23PM (#22895345)
It's not a fantasy land. It's called Sweden. Estimates are placing the actual IFR at about 0.5 to 0.3%. For comparison, the seasonal flu averages 0.1%. A country in the middle of a coronavirus epidemic looks mostly like a country that's not in the middle of a coronavirus epidemic, save for 3-5x as many people dying of coronavirus as the flu. Saying that it's not wise to devastate one's economy over such an illness is a perfectly reasonable position.
Re:Unicorn layoffs keep piling up by nullc on Friday April 17, 2020 @03:32PM (#22902207)
> the seasonal flu averages 0.1%

That figure includes all mortality from pneumonia, a minority of which is caused by the seasonal flu.

Re:Unicorn layoffs keep piling up by nullc on Thursday April 16, 2020 @12:19AM (#22886003)
The projections without measures were well over a million dead and those projections did not consider the additional deaths of non-covid19 persons due to overloaded hospitals.
Re:Unicorn layoffs keep piling up by manfredo on Thursday April 16, 2020 @01:14PM (#22891461)
These projections were based on fatality rates well above what is actually being observed by countries conducting random testing. We're talking about an order of magnitude off.