A new analysis indicates how soon the US economy opens will depend on a trade-off between three factors: the size of the economy, jobs lost, and lives lost.
Wharton considered the trade-off between coronavirus-related deaths, jobs saved, and economic growth that states need to make when reopening the economy. The best-case scenario for saving lives was, predictably, continued sheltering in place through June 30, with individuals adhering toAndy Kiersz/Business Insider
A partial reopening with social distancing, where some states lift their emergency declarations and shelter-in-place mandates, would result in more than 161,000 coronavirus-related casualties, a slightly smaller GDP decline, by 10.7%, and 11.3 million jobs lost.
Profit or health, you decide Mr.President.
Now, they're talking turkey
😡.The people will sue you for over 80,000 deaths. This isn't just a number between your company's records. These people died because of your negligence. You care more about the economy than the people.، And the people who brought in the good economy. Not you.
I love the prediction about if we reopen and don’t do social distancing... yeah, bruh, there’s no way that’s an option. Might as well not scare people with that scenario
Asking 'mainstream' economists about reopening the economy is unlikely to generate useful advice. These are the same people who missed the 2008 financialcrisis and were unable to predict the election in 2016.
InVestors?
im so high lol
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