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Report: Opioid drugs pulled 1 million Americans out of the workforce



Nearly one million Prime-age Americans were removed from work in 2015 by Fentanyl, Mexican heroin, and US-made prescription opioids, according to a report from the American Action Forum, a business group that first works for companies.

The economic impact of this opioid drug catastrophe adds up to $ 91 billion in productivity losses in 2015, along with 42,000 deaths in 2016, according to the group, which also works to ease outflow of foreign workers ,

The report shows that 4 million American men and women aged 25 to 54 have left the workforce between 1999 and 2015. The massive phase-out was attributed to trade, technology and the decline in workers' wages, and accelerated in 2008 as the economy collapsed

In all, about one-quarter of the 4 million Americans left working life also implicated in drugs, says AAF representative Orta, who offers no recommendations to tackle the drug and work problem

However, President Donald Trump has repeatedly argued that a border wall can reduce the flow of drugs and that immigration reform raises wages and will mislead the Americans back to work and away from drugs

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Indeed, in an economic paper quoted in the AAF report, it was found that:

labor market changes make demand and wages less skilled Reducing labor force The study also focused on measures to reduce wages Increase lower wages after taxes, such as raising the minimum wage or extending the Income Tax Credit, could also contribute to increasing labor force participation [19659009] The post-2015 data show that Trump's immigration and drug plan works. For example, since 2014, the number of Americans talking about health problems has fallen by 1.5 million as CEOs have to hire marginalized Americans because populist voters have been blocking multiple amnesty bills since 2013.

Breitbart News reported March 25:

Disabled Americans get more jobs than CEOs try to recruit new workers without raising wages in President Donald Trump's tense job market …

The number of unemployed unemployed fell by 1.5 million to 6.7 million in 2018. The number has risen from 5 million in 1998 to 7.2 million in 2014 …

… the "Gang of Eight" General and Immigration Act of 2013 … would have been wages for at least a decade dropping by adding up to 30 million legal workers in a decade, according to the June 2013 Congressional Budget Office report:

As the bill would increase the labor force's growth rate, average wages would come into effect in the first decade after its entry into force kept low by reducing the ratio of capital to labor.

The AAF report carefully explains the economic and civic pact of the drug catastrophe:

America's growing reliance on painkillers has developed into a full blown crisis. In particular, millions of people have developed opioid-related substance abuse disorders that have led to a rapid increase in opioid overdoses. In 2016 alone, more than 42,000 people died after overdosing with opioids, an increase of 28 percent over 2015. [1] In addition, in 2016, there were over 30 non-fatal overdoses for every fatal opioid overdose. [2]

While the opioid crisis poses significant health problems, it is likely to have a negative impact on the US economy. The recent decline in the labor force participation rate (25-54 years of age) is a major factor limiting long-term economic growth and research suggests that opiate dependence is a major reason for these people leaving the workforce. This study estimates how many main-age workers are absent from the labor force due to opioid dependence, lost working hours and the resulting decline in real (inflation-adjusted) economic output. It notes that opioids continued to draw workers from 1999 to 2015. In 2015, 919,400 prime-age workers were unemployed due to opioids. Between 1999 and 2015, this decline in labor force participation cost the US economy cumulatively $ 12.1 billion and $ 702.1 billion in real production ($ 43.9 billion) …

To put these numbers into perspective can, one must consider the average annual production loss of $ 43.9 billion, equivalent to $ 140 per US inhabitant. The $ 91.6 billion lost in 2015 equals $ 290 per capita. [27] In addition, real GDP grew by 2 percent annually between 1999 and 2015. If opioid dependency had not been so heavily deducted from the working population, real GDP would have grown by 2.2 per cent, corresponding to an increase in growth rate of 0.2 percentage points (or 10 per cent).

The report also cites the estimates of other studies on the accumulating economic costs of the drug crisis:

CDC (Center for Disease Control) researchers estimated the economic cost of the opioid epidemic in the year 2013 to $ 78.5 billion. [15] Part of this cost estimate stems from a decline in opioid productivity that slows economic growth. However, much of the cost estimation is cost burdens that opioid dependence exerts on individuals. In particular, the CDC's $ 78.5 billion cost estimate includes individual health, drug and legal expenses …

The Economic Advisory Council (CEA) estimates the economic costs of the opioid epidemic in 2015 at $ 504 billion US dollar. [16] Most of the CEA estimates, however, are based on welfare costs associated with drug overdose deaths. In particular, the CEA uses the "value of statistical life" (VSL), a measure that federal authorities often use to quantify the benefits of a death reduction regulation. VSL represents the value of an individual's life and is measured by estimating the amount that society is prepared to pay for an individual to continue to live …

Lastly, Altarum estimated that the opioid crisis since 2001 exceeded 1 Billion dollars of economic funds imposed costs. [17] While the study contains more economic costs than the CDC and CEA reports, it suffers from the same constraints by combining different types of costs. The Altarum estimate includes productivity reductions among the workforce as well as the loss of productivity due to opioid deaths, both of which adversely affect economic performance. Altarum, like the other studies, combines these costs with costs that do not negatively impact GDP: healthcare, criminal justice and education costs.

However, Trump's pro-US immigration reform policy is being fought – The first Republicans, progressive Democrats, business lobbies and their media allies have turned everything upside down. For example, the Senate blocked Trump's immigration reforms in February, Congressional omnibus 2018 only granted $ 641 million to build 33 miles of border fences in 2018, and Democrats' leaders threaten to sue if Trump uses the military to lash out more fences to build. 19659003] Four million Americans turn 18 each year and start looking for good jobs on the open market.

But the federal government is inflating the supply of new labor by taking in some 1.1 million new legal immigrants each year, displacing 3 million foreigners, and doing little to block the employment of some 8 million illegal immigrants. Nationwide, the resident population of foreign migrant workers includes approximately 1.5 million university guest workers such as L-1 and H-1B.

The strategy of economic growth imposed by cheap mass immigration imposed by Washington shifts the wealth of young people towards older people and investors

The strategy is flooding the labor market with foreign workers; It raises the profits and values ​​of Wall Street by cutting salaries for workers and employees offered by employees and employees. It also drives up real estate prices, increases wealth shortages, reduces high-tech investment, increases state and local tax burdens, violates children's schools and college education, drives Americans away from high-tech careers, and marginalizes at least 5 million marginalized Americans and Americans their families, including many who are now struggling with opioid addictions.


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