The President Must IMMEDIATELY Begin Lifting Work Restrictions
The costs of the the lockdowns are now exceeding the benefits. I warned you the COVID-19 recession could kill more people than the Virus itself. Supply shortages and mass unemployment drastically increase death rates.
The unemployed are twice as likely to commit suicide.
America already has achieved the point where the marginal benefit of an additional social distancing unit is equal to the marginal cost of an economic recession. In other words: each additional day of lockdown costs more than the risk of a person getting infected.
To demonstrate this economic theory, let’s assume that for each additional day of lockdown 100 fewer people contract the Virus. But each additional day of lockdown causes 1,000 people to lose their jobs. Of those 1,000 people who lost their jobs, 20 will die solely because they lost their job. But only 2 people will die of the Virus. Those assumptions are obviously unproven and as such, inaccurate because there is no time to conduct a statistical analysis. We don’t know exactly how many people will live because of the lockdown, and we don’t know how many people will die because of unemployment. So it is impossible to know when we reach the “tipping point’.
But there exists one good reason to lift the work restrictions. The mortality rate for the Virus is in the area of 2%-6% with the lion’s share of fatalities occurring to those 65 and older. The vast majority of working Americans are younger than 65. Thus, putting people back to work will impact those who are less likely to die because of the Virus. It’s time for trial and error.
The President should coordinate with the Governors to begin slowly lifting the work restrictions. Those over 65 shall remain in isolation. If infection rates begin to increase the restrictions can be reinstated. It’s time for bold action.