so, thinking about global pandemics, I wonder how resilient US first world economy is. We lost a bit under 1% of the population in the Spanish Flu c. 1918, and it didn't much hurt us. Lincoln killed off 3% of the US population, and while it quite hurt the economy in CSA >
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2/ for decades, if not a century, it didn't hurt the US economy at all. I suspect that because networks heal, things self organize, etc., that a death rate of up to 40 or 50% in the US would not push us over the edge into either civilizational or economic collapse.
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3/ I suspect that the political structure would - de factor or de jure - adapt to the challenge. When half of your population is dead, there's no time for OSHA or EPA to get in the way of keeping the lights on. If the regulatory environment is dampening US economy by ~ 30% now
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4/ I think that a lot of the reduction in output caused by pure death toll could be immediately compensated for with (de facto) de regulation.
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5/ I think we'd also see a collapse in the BS economy. As firms struggle to survive, and has the regulatory regime changes, HR / diversity / universities likely take a much bigger headcount hit that, say, manufacturing or transport.
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ⓘ Dogs don't have thumbs Retweeted North Korean Liberation Front
6/ yep, this is exactly where I was goinghttps://twitter.com/TheTriarii/status/1220378828989706241 …
ⓘ Dogs don't have thumbs added,
North Korean Liberation Front @TheTriariiReplying to @MorlockPAlso, not to sound too detached when talking about tragedies, but workers' wages would probably rise. Saw it in the aftermath of the Black Death in Europe, and even saw it in the US colonies where the population was sparse for other reasons.5 replies 0 retweets 24 likesShow this thread -
7/ everyone talks about how capital is taking a bigger slice of the rewards pie now than labor, but a 50% death rate pandemic acts sort of like UBI / yang bucks / whatever, by making same capital chase after much rarer labor. Labor is scarce, returns go up.
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yes, as I explained in the tweet PREVIOUS to the one you are responding to
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