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re: At what point will we determine that people being out of work is worse than the virus?
Posted on 3/16/20 at 4:14 pm to TigerstuckinMS
Posted on 3/16/20 at 4:14 pm to TigerstuckinMS
I'm watching the John Bel Edwards conference on Facebook, and people in the comments are pleading with the governor to force-close their industry..
"Please! Mention the beauty industry!"
"How about the spa business!?"
It's starting to set in that people are leaning into this like it's an excuse to sit at home for 2 weeks and watch TV
"Please! Mention the beauty industry!"
"How about the spa business!?"
It's starting to set in that people are leaning into this like it's an excuse to sit at home for 2 weeks and watch TV
0
Posted on 3/16/20 at 4:15 pm to OKtiger
quote:
If everyone is sick at once, the health care sector will be in disarray and cause small businesses to nose dive.
So the solution is just to ensure that they nosedive with more certainty?
quote:
If you can't prepare with a rainy day fund to get through a couple weeks, you will not survive the economic hardships of "riding this out."
That's the nature of small business in a lot of cases. Rainy day funds often do not exist.
Posted on 3/16/20 at 4:15 pm to OceanMan
quote:
In the end, that business owner would lose in both scenarios right? I honestly am not following what it is you are trying to convey.
It's better to tank the small business owner guaranteed than to hope for a potential though unlikely what if is what I think he means.
Posted on 3/16/20 at 4:16 pm to Crowknowsbest
quote:
Is that due to the virus/healthcare shortages, or the forced quarantine of huge segments of the working population?
It is the virus/health care shortage that then caused a force quarantine which is the exact spot the US will be in if they don't limit the spread now
Is it that hard for everyone on this board to comprehend?
Posted on 3/16/20 at 4:18 pm to OKtiger
quote:
It is the virus/health care shortage that then caused a force quarantine which is the exact spot the US will be in if they don't limit the spread now
Is it that hard for everyone on this board to comprehend?
The US will never have a forced quarantine to that extent given our system of government vs. China's. At least I hope not.
The point of these discussions is that there comes a point where the human welfare costs of the response outweigh the costs of the virus itself.
Posted on 3/16/20 at 4:19 pm to Crowknowsbest
quote:
So the solution is just to ensure that they nosedive with more certainty?
They would certainly nosedive if the virus spread uncontrolled crippling the health care system, yes. Much more so than the situation we are currently in right now.
Posted on 3/16/20 at 4:19 pm to OKtiger
Link?
Posted on 3/16/20 at 4:20 pm to OKtiger
quote:
They would certainly nosedive if the virus spread uncontrolled crippling the health care system, yes.
I am not convinced of that, given that the vast majority of their employees and customers would never be hospitalized.
Posted on 3/16/20 at 4:21 pm to ShamelessPel
quote:
You'd have to be completely oblivious/addicted to be at a CASINO , BAR , RESTAURANT , or MOVIE THEATER right now.
City slice was pretty awesome last night baw
Posted on 3/16/20 at 4:22 pm to Crowknowsbest
quote:
The US will never have a forced quarantine to that extent given our system of government vs. China's. At least I hope not.
Key word: Hope. Sometimes that's not reality. We have seen the extent a government will take to attempt to control a pandemic. That's not an if.. Forced quarantine is the next step for the US if they experience a contagion that they cannot control. You can help prevent that situation from happening if you go out of your way to practice social distancing.
Posted on 3/16/20 at 4:24 pm to OKtiger
quote:
Key word: Hope. Sometimes that's not reality. We have seen the extent a government will take to attempt to control a pandemic. That's not an if.. Forced quarantine is the next step for the US if they experience a contagion that they cannot control. You can help prevent that situation from happening if you go out of your way to practice social distancing.
I highly doubt the US will ever be welding people into their buildings.
Posted on 3/16/20 at 4:24 pm to WaydownSouth
I think it's an interesting question. Smallpox was killing 400,000 people every year in Europe during the 19th century, and they were still open for business.
The thing is, this will kill more than just the elderly if we let it run its course. Right now numbers are coming out saying almost half of patients in the ICU are under 50. With the right medical care and ventilation, the vast majority of the young will survive. But if the hospitals are completely overwhelmed, young will die too. All those under 50's in the ICU would be toast if this thing is allowed to just run its course.
But maybe that is okay? Humanity used to tolerate losses like that.
The thing is, this will kill more than just the elderly if we let it run its course. Right now numbers are coming out saying almost half of patients in the ICU are under 50. With the right medical care and ventilation, the vast majority of the young will survive. But if the hospitals are completely overwhelmed, young will die too. All those under 50's in the ICU would be toast if this thing is allowed to just run its course.
But maybe that is okay? Humanity used to tolerate losses like that.
Posted on 3/16/20 at 4:26 pm to WaydownSouth
quote:
At what point will we determine that people being out of work is worse than the virus
Since the average American has little to no savings, I’m saying soon.
Posted on 3/16/20 at 4:26 pm to Crowknowsbest
quote:
I am not convinced of that, given that the vast majority of their employees and customers would never be hospitalized.
If you are not convinced at this point, I don't really know what to tell you. I'm just glad you're aren't running anything of importance.
You have seen from China, Spain, Italy, etc that when a large amount of people are infected by a virus, people die, people don't show up to work and the officials governing those people shut down the country to prevent it from spreading eventually. the longer they wait, the stricter the quarantine. If we wait until it's bad, our economy will be ruined with how many people are out of work
Posted on 3/16/20 at 4:27 pm to A Menace to Sobriety
quote:
The global economy and people losing jobs and not being paid is waaaaaaaaaaaaaaaaaaaaaaaaay worse than a few hundred people old people that died from this
Savage take, but truth. It feels like this will be just another virus we have to deal with forever. Hope and pray they come up with a vaccine in a week and get people back to work.
Posted on 3/16/20 at 4:28 pm to OKtiger
quote:
If you can't prepare with a rainy day fund to get through a couple weeks, you will not survive the economic hardships of "riding this out."
Something like 80% of Americans are supposedly living paycheck to paycheck.
frick all of them right? I’m sure they’ll be fine without a check for a month.
Posted on 3/16/20 at 4:29 pm to Crowknowsbest
quote:
I highly doubt the US will ever be welding people into their buildings.
Maybe. Maybe not. But however they do it, they will make sure that no American will be out of their house if it get's too bad. That will only make this situation worse hence why we already have looser precautions
Posted on 3/16/20 at 4:34 pm to OKtiger
quote:
Maybe. Maybe not. But however they do it, they will make sure that no American will be out of their house if it get's too bad. That will only make this situation worse hence why we already have looser precautions
You keep saying this without any clarity or understanding about government intervention in the markets.
Posted on 3/16/20 at 4:35 pm to WaydownSouth
quote:
Something like 80% of Americans are supposedly living paycheck to paycheck.
frick all of them right? I’m sure they’ll be fine without a check for a month.
Those same people you mention probably don't have health insurance. And if they do, it won't cover them for their 2 week ICU stay which they will have to pay for "living paycheck to paycheck"
Way to look out for them. I'm sure they'll be much better off without work AND have medical debt AND potentially have health complications from the virus
Posted on 3/16/20 at 4:36 pm to OKtiger
quote:
Those same people you mention probably don't have health insurance. And if they do, it won't cover them for their 2 week ICU stay which they will have to pay for "living paycheck to paycheck"
Way to look out for them. I'm sure they'll be much better off without work AND have medical debt AND potentially have health complications from the virus
8.5% of Americans are without health insurance. Stop lying.
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