4 ms·

Also around 150k working age adults are dead from COVID.

by khuey 5y ago

dehrmann 5y ago
That's 0.075% of working-age adults. Fear of covid has driven more people out of the workforce than dying from covid.
vel0city 5y ago
While its a tragedy so many people have died from COVID, 150k people is 0.10% of the workforce. https://www.bls.gov/cps/cpsaat08.htm https://www.bls.gov/cps/cpsaat08.htm 150 / 147,795 = 0.001014
- khuey 5y ago
  Sure but the labor shortage doesn't have one single cause, it's a bunch of stuff piling up on top of each other.
  - vel0city 5y ago
    I mean I agree, COVID has definitely impacted the workforce in a wide variety of complicated ways and even then its not necessarily a 1 for 1 of working adults dying. Also, due to COVID complications there have also been a lot of people who are now disabled/unable to do their previous jobs which also impacts these numbers. I just wanted to point out that while 150k is a lot of people, its not really a massive percentage of the overall US workforce.
deleted 5y ago
[deleted]
rossdavidh 5y ago
Well, if we're going to go there, it should be pointed out that there's lot more people who were not working, who added to aggregate demand but contributed no labor.
- khuey 5y ago
  That's true, though I wonder how much of a contributor to overall aggregate demand the elderly are.
malchow 5y ago
No. That is a "with COVID" number, not a "from COVID" number. You really can't escape the truth that the public policy response to COVID was a mistake –– a very grave mistake. Nothing should have been shut down, and the contrarians who said so at the time were vilified then and continue to be vilified. But they were right.
- cruano 5y ago
  Hmm so purpose of the response was to avoid deaths, and now that that happened you downplay the situation to say "See ? We didn't need it" That's like saying "I haven't died in 10 car crashes with my seatbelt, that must mean crashes are not really that bad so there's no point in using the seatbelt"
  - HarryHirsch 5y ago
    It's worse than that. It's a banker saying since he won't need health & safety regulations sitting at his desk the men working in coal and steel don't need any either. You do wonder if they say these things out of malice or confusion, but for practical purposes the distinction is immaterial.
hammock 5y ago
With*

Also around 150k working age adults are dead from COVID.

by khuey 5y ago

Also around 150k working age adults are dead from COVID.

dehrmann 5y ago

That's 0.075% of working-age adults. Fear of covid has driven more people out of the workforce than dying from covid.

vel0city 5y ago

While its a tragedy so many people have died from COVID, 150k people is 0.10% of the workforce. https://www.bls.gov/cps/cpsaat08.htm https://www.bls.gov/cps/cpsaat08.htm 150 / 147,795 = 0.001014

khuey 5y ago
Sure but the labor shortage doesn't have one single cause, it's a bunch of stuff piling up on top of each other.
- vel0city 5y ago
  I mean I agree, COVID has definitely impacted the workforce in a wide variety of complicated ways and even then its not necessarily a 1 for 1 of working adults dying. Also, due to COVID complications there have also been a lot of people who are now disabled/unable to do their previous jobs which also impacts these numbers. I just wanted to point out that while 150k is a lot of people, its not really a massive percentage of the overall US workforce.

deleted 5y ago

[deleted]

rossdavidh 5y ago

Well, if we're going to go there, it should be pointed out that there's lot more people who were not working, who added to aggregate demand but contributed no labor.

khuey 5y ago
That's true, though I wonder how much of a contributor to overall aggregate demand the elderly are.

malchow 5y ago

No. That is a "with COVID" number, not a "from COVID" number. You really can't escape the truth that the public policy response to COVID was a mistake –– a very grave mistake. Nothing should have been shut down, and the contrarians who said so at the time were vilified then and continue to be vilified. But they were right.

cruano 5y ago
Hmm so purpose of the response was to avoid deaths, and now that that happened you downplay the situation to say "See ? We didn't need it" That's like saying "I haven't died in 10 car crashes with my seatbelt, that must mean crashes are not really that bad so there's no point in using the seatbelt"
- HarryHirsch 5y ago
  It's worse than that. It's a banker saying since he won't need health & safety regulations sitting at his desk the men working in coal and steel don't need any either. You do wonder if they say these things out of malice or confusion, but for practical purposes the distinction is immaterial.

hammock 5y ago

With*