Jobless claims, total unemployment level worse than expected

Re:Jobless claims, total unemployment level worse than expected by chrisco255 on Thursday June 04, 2020 @12:55PM (#23418985)

There will be no fast recovery, period. We have deprived businesses of oxygen for 3 months. Cash flow is the life blood of businesses. We've sucked all the cash flow out of the worldwide economy. The bankruptcies will start rolling in and we will lose at least a decade of economic growth just to recover to where we were. 40+ million unemployed in the U.S. Near record levels. WWII caused 50+ million deaths. Are we on that track now? Hard to say. But I certainly fear worldwide economic instability more than I do Covid-19. My reading of history is that those events cause far more death and destruction than viruses. We know by now that Covid isn't the plague.

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Re:Jobless claims, total unemployment level worse than expected by lostlogin on Thursday June 04, 2020 @01:51PM (#23419607)

What level of disability or death would make you change your mind? 100k deaths seems a lot to me and how far through is the US now?

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Re:Jobless claims, total unemployment level worse than expected by chrisco255 on Thursday June 04, 2020 @02:08PM (#23419822)

40% of those were nursing home deaths: https://heavy.com/news/2020/05/covid-19-deaths-nursing-homes...

Median age of Covid deaths? 75-84 years. https://data.cdc.gov/NCHS/Provisional-COVID-19-Death-Counts-...

This is on par with median age of death in the U.S. on any given year.

You cannot crush the future of your country to extend the life of the elderly by no statistically significant amount. I'm sorry, but that's the truth.

For 20-55 year olds, the core of the economy, this virus is not very deadly at all. This age group is far more likely to die from many other causes.

I would say, fix the nursing home problem. Ask the elderly to wear masks or shelter in place and to beef up on vitamin intake and anything else that would help their immune system.

Then, I would let the youth and young and middle aged adults continue life as normal, develop herd immunity, and therefore prevent a widespread infection next winter.

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Re:Jobless claims, total unemployment level worse than expected by lostlogin on Thursday June 04, 2020 @05:52PM (#23422343)

It seems that the average number of years of life lost per covid death is about 10.

https://www.gla.ac.uk/news/coronavirus/headline_720672_en.ht...

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Re:Jobless claims, total unemployment level worse than expected by ikeyany on Thursday June 04, 2020 @03:36PM (#23420815)

A far less cruel alternative would be to expand sick leave and to detatch health care from employment.

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Re:Jobless claims, total unemployment level worse than expected by lostlogin on Thursday June 04, 2020 @05:29PM (#23422062)

> expand sick leave and to detatch health care from employment.

It is probably possible to do this and aim for eradication. This is NZs plan. It’ll be interesting once the borders are unlocked.

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Re:Jobless claims, total unemployment level worse than expected by JamesBarney on Thursday June 04, 2020 @08:10PM (#23423553)

U.S. deaths from world war 2 ~300,000

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