Monday, May 4, 2020
By Paul Martin

by Dave Hodges
Monday, May 4, 2020

As an American citizen, I would like to know who to blame for the economic collapse of my country, the subsequent weakening of the military and the often cited social misery score that is off the charts. I want to know if the lockdown is worth cost relative to the projected CV-19 deaths? On the surface, it looks as if we are destroying our country. How bad is a self-inflicted wounds?

Social Misery Rates
Sociologists often talk of social misery rates which includes varaibles like domestic violence, suicide, poverty, homelessness, etc. How has the Covid-19 event impacted our social misery score. Is this a case of the cure (ie lockdowns) being worse than the disease (ie CV-19)?

Speaking of the Social Misery Score, suicides are up, in places like Phoenix, spousal abuse reports have increased 15% in one month and anxiety and depression are now commonplace and we are living in an environment where there is nowhere to go and get treatment. Let’s cut right to the chase. Is the cure worse than the disease?

How Costly Is the Lockdown In Terms of Mortality of Imprisoned?

I have come across figures which state that for every 1% rise in the unemployment rate, ten thousand people die. I have seen other articles which state that the number is as high as 40,000. This is an extremely hard number to quantify. However, as the reader will soon discover (see Yale study below), there is a decided cost in regard to human mortality in the midst of an economic downturn in which unemployment rates spike. Although, it may be difficult to accurately quantify the numbers, we can certainly estimate the gravity of the relationship between unemployment and early mortality.

The Real Unemployment Rates

Let’s start with the real unemployment rate. The US government would have you believe that anyone who works at least one hour is gainfully employed. That number topped out at 157 million people at the beginning of the CV-19 event. However, when more realistic figures are employed, the number of fulltime employees, working 30 hours or more per week, was 110 million at the time of the outbreak of CV-19.

Last Friday, on May 1st, the number of Americans filing jobless claims grew to 30.5 million Americans. This is a third grade math problem. The REAL unemployment rate in America, as of last Friday, May 1st, was 27.72%, or nearly 28%. This is a dubious distinction because this sets a record, as it surpasses the 1932 Great Depression all-time high of 22%. These new numbers grow more grim when we realize that America’s economy is in freefall and the worst of the numbers have yet to be realized. I do not see any way that the real unemployment numbers doesn’t reach 60% by mid-summer, or even earlier.

The Impact of Unemployment on American Longevity

The Rest…HERE

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