Coronavirus II

[chipbennett]

Why is that odd? When did you make most of the money in your life? Before your 30th birthday, or after?

Workers is not as important as earners.

You can't magically have a 20 something doing the same thing a 40 something was doing, for the same quality. Let alone a 30 something and a 50 something.

The death of a 50 something takes more out of the economy NOW and for the next 10 years than the death of a 20 something. Longer than that, sure. But that then extends the economic recovery by a similar number.

I believe that the primary/peak income-earning years (not the same thing as wealth-earning, but I digress) are 40 - 60.

 

[Hatin Since 87]

I believe that the primary/peak income-earning years (not the same thing as wealth-earning, but I digress) are 40 - 60.

Out of curiosity, what age is the peak wealth-earning years?

 

[chipbennett]

But if the question involves an assessment of the US workforce, a cohort of 30-69 is relevant. Do we really want to argue if that comprises the highest wage earners? Both collectively and individually? And produces the most business owners?

Again, IIRC, the highest wage-earners are 40-60. What is the percentage of all population of ages 30-39, 40-49, 50-59, and 60-69 who are working?

Employment by age:

15 - 24: 51%
25 - 54: 80%
55 - 64: 64%

[Source]

According to BLS:

60 - 64: 56%
65 - 69: 33.3%

Retirement starts happening in earnest in that 60-69 age group.

The average age of small business owners appears to be about 52 years old.

 

[Ballstater98]

How about some good news? Well, those that remember me posting about my niece, she is stateside and on her way back to Iowa.



The New Zealand post:

 

[HoughMade]

...I don't even know why this is a point of contention.

Do we seriously think that damaging the economy with indefinite stay-at-home orders is LESS damaging than whatever the death toll from actual earners would be?

And what is the guarantee that both don't happen?

Finally, I once again ask, how many of the 30-69 deaths were earners? If we are going to go down this path, this is relevant.

 

[drillsgt]

https://coronavirus.in.gov/

You have to do the clicky thing on the button thing to show the deaths thing by age thing.

That's where I looked the numbers were nowhere close to what you posted, i'm not sure what you were looking at?

 

[chipbennett]

Out of curiosity, what age is the peak wealth-earning years?

Unlike income, wealth tends to grow steadily until retirement, at which time it peaks. Income tends to peak quite a bit sooner.

 

[T.Lex]

That's where I looked the numbers were nowhere close to what you posted, i'm not sure what you were looking at?

You may need to refresh?

Hough posted exactly the same thing I was looking at.

Seems odd to group 30-69:

So 12ish% under 59...and in Indiana currently, that would be about 30 people.

Yeah, I have other concerns than a lack of workers.

 

[tsm]

I am in the Andrew Yang/Chamath Palihapitiya camp. Get everyone's w-2s from last year and if they have lost their job let the feds pay everyone their monthly wages from last year.

I resemble that remark. How about getting my W2s from 3 years ago before I retired and pay me at that rate since I lost my job when I left the company? That’ll really help the retirement income! Talk about creating a nanny state! Your and Yang’s approach will bankrupt the country. Welcome to Venezuela.

 

[T.Lex]

Do we seriously think that damaging the economy with indefinite stay-at-home orders is LESS damaging than whatever the death toll from actual earners would be?

Based on what I observe, yes. The risk to the economy of what we are doing now is less than the risk of doing nothing about the virus.

And what is the guarantee that both don't happen?

There are 2 guarantees in life: death and taxes. And I'm not completely sure of the former.

Indeed, under either scenario, both a 7 figure body count and crippling economic depression may happen. As you note, it is an assessment of risk. The current/or near-current strategies appear to present a lower body count and a recoverable economic depression.

We won't ever really know if a different strategy early on would've made a "better" result.

Finally, I once again ask, how many of the 30-69 deaths were earners? If we are going to go down this path, this is relevant.

Might as well ask how many COVID patients are in critical condition. Those numbers aren't available, that I can find.

 

[foszoe]

You chose to retire.

The government mantra is to help businesses who through no fault of their own yada yada. Instead of businesses do it for the individuals until they open up the economy.

I resemble that remark. How about getting my W2s from 3 years ago before I retired and pay me at that rate since I lost my job when I left the company? That’ll really help the retirement income! Talk about creating a nanny state! Your and Yang’s approach will bankrupt the country. Welcome to Venezuela.

 

[drillsgt]

You may need to refresh?

Hough posted exactly the same thing I was looking at.

No, that's what I was looking at, I was thinking you said 30-60 yo not 30-69, a better way to report it would be that 87.8% of deaths have been those over 60 years old.

 

[Dead Duck]

Denial, Anger, Bargaining, Depression, Acceptance.




Guess which one this thread in in now. (just like clockwork)

 

[T.Lex]

No, that's what I was looking at, I was thinking you said 30-60 yo not 30-69, a better way to report it would be that 87.8% of deaths have been those over 60 years old.

Thank you for your feedback.

But the discussion was related to the workforce. Seemed to me that 30-69 covers most of the workforce.

And to chip's point, the ISDH data is not particularly granular. It is 10 year increments. Nothing I can do about that.

 

[nonobaddog]

Denial, Anger, Bargaining, Depression, Acceptance.




Guess which one this thread in in now. (just like clockwork)

Cool, I'm one step ahead of the curve.

 

[Hatin Since 87]

No, that's what I was looking at, I was thinking you said 30-60 yo not 30-69, a better way to report it would be that 87.8% of deaths have been those over 60 years old.

According to the graph my age range makes up 2% of the deaths. I’m not much of a gambler, and 2% is still enough odds for me to spaz about and take every precaution i can.

Almost everybody at work is over 50. Only 3 people here under 40. If someone here were to become infected it could potentially run us out of business. If we lost 3 people they’d be hard to replace

 

[Hatin Since 87]

Denial, Anger, Bargaining, Depression, Acceptance.




Guess which one this thread in in now. (just like clockwork)

Where was I for anger? Did I miss another shooter?

 

[T.Lex]

I think the INGOers in Denial and the INGOers in Acceptance are finding the least amount of common ground.

 

[Hatin Since 87]

I think the INGOers in Denial and the INGOers in Acceptance are finding the least amount of common ground.

Sounds acceptable

 

[T.Lex]

Edited - never mind, trying to start a humorous interlude, but I'm not sure it comes across that way.