Tag: Cost Benefit

Coronavirus, Uncategorized

The costs of the shutdown are overestimated — they’re outweighed by its $1 trillion benefit

The sceptics arguing for more rapid relaxation of containment measures point to the economic costs of lockdowns and appeal to the cold calculus of cost-benefit analysis to conclude that the lives saved by lockdowns don’t justify the economic costs incurred to do so.

Their numbers don’t stack up.

To be able to weigh the value of a life against the economic costs of forgone output from lost jobs and business closures, requires placing a dollar value on one person’s life. This number is called the value of a statistical life.

via The costs of the shutdown are overestimated — they’re outweighed by its $1 trillion benefit

Tertiary Education

Was your university degree worth the debt? High-paying jobs aren’t a sure thing, experts say – Politics – ABC News (Australian Broadcasting Corporation)

Mortar board sitting on a pile of money

As thousands of students around Australia throw their academic caps into the sky this month, many of them will be left thousands of dollars in debt. The Turnbull Government is now looking to reduce the repayment threshold for uni graduates by more than $10,000, which means anyone earning more than $45,000 would make compulsory contributions. With the average debt somewhere between $20,000 and $30,000, and higher for specialist fields like law or medicine, some might be asking ‘was it worth it?’ We take a look.

Source: Was your university degree worth the debt? High-paying jobs aren’t a sure thing, experts say – Politics – ABC News (Australian Broadcasting Corporation)

Coal

No, new coal is not feasible: on price, reliability or emissions | Tennant Reed | Opinion | The Guardian

The proposition that new coal plants could be an effective solution to Australia’s energy needs should be treated with scepticism

Source: No, new coal is not feasible: on price, reliability or emissions | Tennant Reed | Opinion | The Guardian

Enviroment

By taking action now against climate change the world would save $1.8 trillion by the year 2040, however if no action is taken, it will lose $44 trillion

Citibank: Global cost of climate change inaction — $44 trillion by 2040

Hillary Clinton’s campaign stalls as Bernie Sanders shows new surge in Iowa