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New Report On Workplace Depression Sure Is Depressing

How much is mental illness costing your company? Chances are, more than you think.

The Global Business and Economic Roundtable on Addiction and Mental Health in Canada is releasing a report today that calls mental illness in the workplace a "tsunami of economic loss" that is costing Canada at least $51 billion (U.S.) in lost GDP every year thanks to depression and anxiety disorders. The number skyrockets to $1 trillion (U.S.) in lost GDP when North America and Europe are included. Talk about a Great Depression.

The current state of the economy is taking its toll on stressed-out employees. The report estimates that one-quarter of Canadian employees are depressed, as well as one-quarter of American employees. In Europe, nearer to one-third (30%) of employees are suffering from depression.

The Global Business and Economic Roundtable on Addiction and Mental Health in Canada will be promoting a 10-year, $10-billion government and corporate plan for curing depression and improving workplace mental health throughout the United States, Canada and Great Britain. As Canada's Globe And Mail reports:
Michael Wilson knows the staggering personal and economic toll of mental illness.

Sixteen years after his severely depressed 29-year-old son Cameron killed himself, the former federal finance minister, diplomat and Bay Street executive is calling on Corporate Canada to do its part to wipe out the scourge of mental illness in the workplace.

Mr. Wilson said embracing the cause is just good business as he wrapped up a dozen years of work with the Global Business and Economic Roundtable on Addiction and Mental Health.

"The senior people, senior executive team have got to recognize that this is an illness, it's an illness that affects a significant percentage of their employees," he said in a telephone interview on Wednesday. "And I think what people have to realize and accept that it is an illness, it's a disease, it's not a weakness."

Thank you, Canada, for recognizing mental illness as an illness to be treated instead of a moral failure to be fired for. You can access the full report here.

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