Quarantines only work to keep a small amount of sick people from going out and spreading the disease!
They don’t work to keep the vast majority of healthy people locked inside.
Thanks to HotHunt for this great visual!
Posted on 04/17/2020 4:56:10 PM PDT by NRx
The US jobs cataclysm is not as terrifying as it looks. Part of it is real; another part is a statistical mirage caused by the enforced shutdown.
The 22 million surge in unemployment claims over the past four weeks has nothing in common with any previous recession, let alone the dole trauma of the 1930s.
“It is really a good news story. Disaster relief has been well-designed and is working,” says Professor Karen Dynan, assistant US Treasury Secretary in the Obama era and now at Harvard University.
Big employers in California – compelled to declare their intentions by state law – say that 93pc of layoffs are “temporary”, a term that has legal and contractual implications under US labour laws.
During the Lehman bust of 2008-09 the jobs purge was almost entirely “permanent” as companies rushed to slash costs and restructure their businesses.
A “real-time” study by Arizona State University says the unemployment rate is already 20pc and fast approaching the headline levels of the Great Depression. (Lagging official data has yet to catch up.) But this figure can be misinterpreted. Europe and America are not as different as they look.
Europe has Kurzarbeit programmes that provide subsidies allowing firms to hold onto idle workers through the crisis. The effect is to repress headline unemployment rates. The UK has its job retention scheme. Salaries are being covered by the state – partially or fully – in different countries until the lockdown is over.
America has reached more or less the same macroeconomic outcome by different means, using its flexible markets as a shock absorber and as a springboard for quick recovery later.
(Excerpt) Read more at telegraph.co.uk ...
Bunch of stupid communists
Survey: Less Than Half of L.A. County Still Has a Job After Coronavirus
“Funemployed” part duuuhhh?
Try plugging the URL in here.
https://outline.com/
Thanks for the post. The point made is important in that the US economy was placed on pause by the federal stimulus cash instead of being permitted to fall into recession. Moreover, the dollar remains strong because around the world, the economic effects of the pandemic have led to a preference for the most reliable currency instead of wannabes like the Euro or yuan. As the dust settles and the US and world economies recover, the US will be well-positioned to go from strength.
Quarantines only work to keep a small amount of sick people from going out and spreading the disease!
They don’t work to keep the vast majority of healthy people locked inside.
Thanks to HotHunt for this great visual!
liberal msm bullshiite
True. Even China has to pay US dollars to buy the food, oil, metals, and other things they need, because nobody wants to be paid in their monopoly money that is constantly adjusted and propped-up.
China will pay. I’m not sure the EU will survive.
The Brit scum Telegraph can shove a telegraph up their arsehole.
Let me guess...professor Karen still has her worthless job.
can she just go take a flying leap?
young families are struggling...
homes not bought...
college not pursued....
private sector retirement savings kerplop....
The United States is already in recession. Probably in a depression.
What do you call 22 million out of work in just 4 weeks? By far the worst in American history?
Millions are technically in default on their mortgage payments.
All too true. For many, the pandemic will mark when their lives took a bad turn.
It took WWII for many of them to find employment. History could repeat itself.
It took WWII for many of them to find employment. History could repeat itself.
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