Suicide, starvation, and heart attacks.

Is unemployment really as deadly as coronavirus?

And, of course, there will be a lot of financial troubles for those who don’t die. But let’s just look at just the death rate.

The actual figure in academic research is a 37,000 increase for each percentage-point rise in the unemployment rate. It comes from a book called “Corporate Flight: The Causes and Consequences of Economic Dislocation” by Barry Bluestone, Bennett Harrison and Lawrence Baker.

“Corporate Flight” was published in 1982 and mainly had to do with companies moving operations overseas. I couldn’t reach Bluestone, Harrison or Baker, but last week I was able to contact Wade Thomas, who teaches economics and business at SUNY Oneonta and who quoted those figures in his own co-written 2005 book called “Economic Issues Today: Alternative Approaches.”

Here’s the paragraph from Thomas’ book that applies: “According to one study [the one by Bluestone et al.] a 1 percent increase in the unemployment rate will be associated with 37,000 deaths [including 20,000 heart attacks], 920 suicides, 650 homicides, 4,000 state mental hospital admissions and 3,300 state prison admissions.”

And in my opinion, the single worst casualty, The Constitution and our Rights.

About On the North River

Forty years toiled in the Tel-com industry, married for 36 years widowed at sixty-one. New girlfriend at sixty-five. Tea Party supporter. Today a follower of the God-Emperor Donald. Do like to kayak, cook, take photos, bike, watch old movies and read.
This entry was posted in 2020, All the News not fit to print., Economy, Law-Fare, Time to talk a little treason. Bookmark the permalink.

1 Response to Suicide, starvation, and heart attacks.

  1. Pingback: Just my opinion. | On the North River

Leave a Reply but please keep it Legal.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s