President Joe Biden announced a series of stringent measures last week in the face of the resurging coronavirus pandemic. These new requirements will require all executive-branch workers, federal contractors and millions of health-care employees to be vaccinated against Covid-19. The administration will also require employers with over 100 workers to mandate shots or testing. In his speech, Biden didn't shy away from directly addressing those who refuse to get the jab: "My message to unvaccinated Americans is this: What more is there to wait for? What more do you need to see?" It's a good point: The merits of vaccination are not nearly as complicated as the John Mulaney-Olivia Munn pregnancy timeline. Although Biden's question was more of a rhetorical one, we've pulled together some charts that just might help simplify matters even more. Let's begin with the relatable idea of having fun. Does it ring a bell? Humans often have fun when doing things like going on vacation, seeing a movie or buying 20% of a picture of a dog. You know what's not fun? Being in the hospital. Unfortunately, if you're unvaccinated, you have a far higher chance of ending up on a gurney than someone who got the shot does. In Cathy O'Neil's latest column, she writes that "vaccines are still effective, miraculously so. Getting inoculated can save your life, and certainly justifies living more like normal." O'Neil points to a recent study done in Los Angeles County that found unvaccinated people were 29 times more likely than vaccinated people to end up in the hospital with Covid-19 infections. When an individual has fun, they sometimes end up spending some cash. (In order to go to the hospital, you need cash, too.) So chances are, you probably like making money, whether you're vaccinated or not. Dollars are nice to have, especially when they're on the rebound. Which leads us to our next question: Do you want to quit your job — the job you have in order to make money, in order to have fun? If you answered no, then you should probably get vaccinated. In a recent Washington Post-ABC News poll, an astounding 42% of respondents (all of whom were unvaccinated and with employers that, at the time, did not require proof of vaccination) said they were willing to quit their job if their employer made them get the vaccine: In Allison Schrager's latest column, she writes that good policies can be bad economics: "Workers have never had more power in the labor market: If someone quits rather than get a vaccine or needs to be fired, it will be very expensive and difficult to replace them." Although this sort of pushback is to be expected, Bloomberg's editorial board writes that "Biden's opponents ought to stop and think. His initiative should unite the country in a new determination to defeat its common enemy." Of course, we've still got a long way to go. Right before Biden's speech, many parts of Corporate America were on the fence about vaccine requirements: At this point in the pandemic, over 60% of Americans ages 12 and up are completely vaccinated against Covid-19, but tens of millions remain at risk. Against this backdrop, it's reassuring to see that public opinion is already moving in the right direction. Gallup began asking U.S. workers about employee vaccination requirements in May. In the span of three months, there was an increase in the percentage of people who strongly favor them, to 36% from 29%. It's certainly easy to cook up scenarios in which widespread mask and vaccine mandates might backfire, but Jonathan Bernstein says we've got nothing to worry about, even if your Uncle Larry ends up quitting his job: "It's true that the hardest resisters may choose to 'pay' those costs by switching gyms, skipping concerts or sporting events, or even by quitting a job they would otherwise keep. It's a mistake, however, to believe that everyone who hasn't been vaccinated is a hardcore opponent of vaccination." Further reading on Covid-19 mandates: More data from Bloomberg Opinion: This is the Theme of the Week edition of Bloomberg Opinion Today, a digest of our top commentary published every Sunday. |
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