Originally Posted by
Dzone
Shutdown Could Kill More Americans Than COVID-19
"No model or guesswork is required to foresee the deadly impact. Job losses cause extreme suffering. Every 1% hike in the unemployment rate will likely produce a 3.3% increase in drug overdose deaths and a 0.99% increase in suicides according to data provided by the National Bureau of Economic Research and the medical journal Lancet. These are facts based on experience, not models. If unemployment hits 32%, some 77,000 Americans are likely to die from suicide and drug overdoses as a result of layoffs. Scientists call these fatalities deaths of despair.
Then add the predictable deaths from alcohol abuse caused by unemployment. Health economist Michael French from the University of Miami and a co-author found a "significant association between job loss" and binge drinking and alcoholism.
The impact of layoffs goes beyond suicide, drug overdosing and drinking. Overall, the death rate for an unemployed person is 63% higher than for someone with a job, according to findings in Social Science & Medicine.
Layoff-related deaths are likely to far outnumber the 60,400 coronavirus deaths predicted through August
This comparison is not meant to understate the horror of coronavirus for those who get it and their families."