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New Harvard Data (Accidentally) Reveal How Lockdowns Crushed the Working Class While Leaving Elites Unscathed

Brad Polumbo
June 24th, 2021
The Foundation for Economic Education
Comments (8)

This article was originally published by Brad Polumbo at the Foundation for Economic Education. 

Founding father and the second president of the United States John Adams once said that “Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.” What he meant was that objective, raw numbers don’t lie—and this remains true hundreds of years later.

We just got yet another example. A new data analysis from Harvard University, Brown University, and the Bill and Melinda Gates Foundation calculates how different employment levels have been impacted during the pandemic to date. The findings reveal that government lockdown orders devastated workers at the bottom of the financial food chain but left the upper-tier actually better off.

The analysis examined employment levels in January 2020, before the coronavirus spread widely and before lockdown orders and other restrictions on the economy were implemented. It compared them to employment figures from March 31, 2021.

The picture painted by this comparison is one of working-class destruction.

Employment for lower-wage workers, defined as earning less than $27,000 annually, declined by a whopping 23.6 percent over the time period. Employment for middle-wage workers, defined as earning from $27,000 to $60,000, declined by a modest 4.5 percent. However, employment for high-wage workers, defined as earning more than $60,000, actually increased 2.4 percent over the measured time period despite the country’s economic turmoil.

Image Credit: tracktherecovery.org

 

The data are damning. They offer yet another reminder that government lockdowns hurt most those who could least afford it.

Some critics argue that the pandemic, not government lockdowns, are the true source of this economic duress. While there’s no doubt the virus itself played some role, government lockdowns were undoubtedly the single biggest factor. It’s pretty intuitive that ordering people not to patronize businesses and criminalizing peoples’ livelihoods would hurt the economy. This intuition is confirmed by data and studies showing as much. And don’t forget the fact that heavy lockdown states have consistently had much higher unemployment rates than states that took a more laissez-faire approach.

Others might insist that the mitigation of the spread of COVID-19 accomplished by lockdowns justifies this economic fallout. But this argument fails to account for the many peer-reviewed studies showing lockdown orders did not effectively slow the pandemic’s spread, or the painfully inconvenient fact that most COVID-19 spreads occurred not in workplaces, restaurants, or gyms but at home. (Making “stay-at-home orders” seem like an astonishing mistake in hindsight.)

So, all lockdowns really seem to have accomplished is at best a mild delay in the pandemic’s trajectory in exchange for a host of lethal unintended consequences such as a mental health crisis and skyrocketing drug overdoses. And, as we now know, a highly regressive economic fallout for the working class.

Of course, Ivy League researchers almost certainly did not intend to expose the failings of big government pandemic policies when they set out to catalog employment data. But, as Adams said, facts are stubborn things.

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    Author: Brad Polumbo
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    Date: June 24th, 2021
    Website: https://fee.org/

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    8 Comments...

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    1. Anonymous says:

      The Elite’s were behind ordering the lockdowns, you wouldn’t expect them to do something to hurt themselves would you?

    2. Darth Skippy says:

      Gate’s chart has shown the hardship on different financial classes.

      An overlay of like colors could have been made, to show the hardship on govt, vs. private business, at the different wage levels.

      “Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”

      To the best of my understanding, the Freemasons of Adams’ era were expected to regard that as their primary religion, with their participation in the mainstream being incidental.

      We might like to know which countercultures fared best, doing business with the govt.

    3. Andrea.Iravani. says:

      All three cable news agencies, Fox, CNN, and MSNBC have had plummeting viewership, likely caused by two factors, firstly, more people have gone back to work, secondly, those who normally watch cable news, probably have realized that they are being lied to and are just wasting their time, which is why I disconnected my TV years ago. Not only is it a total waste of time, but a total waste of money! It is a form of torture that requires the victim to pay for it, I guess kind of like having a dominatrix in your living room. Zack Weiner may love it. My guess is that he just hired a dominatrix or dated one, then leaked it as a PR stunt, like, hey, elect me, I will do whatever you tell me to do. I just don’t buy into it. It is too contradictory to believe that anyone seeking a position of power as an elected official would be a submissive person.

      Andrea Iravani

    4. Woogie says:

      You didn’t take in affect the 9 million jobs available that many of the lower class unemployed refuse to take and what you mentioned the rates were of EMPLOYED people,….. but didn’t mention UNemployment benefits the unemployed got, paying better than their former jobs…. And the free gov’t rent they got during all that time.

      • Darth Skippy says:

        Kids —

        Never accept as a “real job” any situation that will not cover a ride and a shower. It is not an internship leading you to bigger and better things.

        That rule about not getting into cars with a stranger also applies to adults. The terms of your employment will worsen, without fail, as soon as you are out of contact. You can be left in strange places and have to “work” your way back.

    5. Fauci and Birx both work for the Gate’s foundation, which pushes global “vaccinations” (suicide)…

    6. Andrea.Iravani. says:

      Tech companies have a direct conflict of interest in virology, that being that they use fears of fake or real pandemics as an excuse for a state of national emergency to step up surveillance which is nothing less than the unconsented enslavement of those that they surveil and which they belong in prison for illegal enslavement, and in the case of covid-19 scientific and medical fraud as well as treason. It is no surprise at all that immediately following the 2003 illegal invasion in Iraq, that David Rockefeller in 2003 came up with the udea of a pandemic as the next scenario used by the serial criminal, psychopathic scumbags in the organized crime ring InfraGard to extort trillions of dollars from the Pentagon and Treasury and funnel it all back into the Wall Street money laundering daisy chain pyramid sceme, and permit the psychopath class to demand all of this while simultaneously robbing their victims of their livelihoods, property, family members, health, and lives.

      It is also a conflict of interest for big pharma and also for the healthcare industry, in a fee for service arena where there is a direct incentive by health care and pharmaceutical companies to destroy the health of people, and then get paid to treat them for the health crisis that they have caused. 

      Why has the health insuarance industry not blown the whistle on this? It is to the health insurance industry’s economic disadvantage to allow this to continue! It seems that the health insurance industry went along with it knowing that high cost patients in nursing homes were being murdered, along with people with obesity and three or more chronic health condidtions who were the overwhelming majority of deaths attributed to the mythological covid-19 virus, but were using Munchausen’s syndrome as a business model and causing real health problems through a variety of methods to kill off high cost insured people since 20% of patients use up 80% of healthcare costs nationally. That consitutes insurance fraud as well, if they are charging people all of their lives for insurance, and then kill people off when they actually start to use the insurance that they have paid for, for their entire lives, it is racketeering and also conspiracy to commit murder for which they belong in prison for. They sold long term care insurance to people, and then when the people used the insurance that they paid for, they were murdered! Obviously, the government also has conspired in this because of Medicare and Medicaid so it was to the governments, at the federal, and state levels to murder those people also, and they also belong in prison for conspiracy to commit murder and financial fraud, because they tell people to pay into these systems, and then kill the people when they use the systems that they paid for. Obama’s biggest mistake was eliminating payroll taxes for low wage workers. They must be reinstated, for the benefit of everyone that expects and wants Social Security,  Medicaid, and Medicare. Many wealthy people or higher income libertarians oppose those systems, I happen to disagree with those Libertarians. Meanwhile, government employee’s pension benefits have outpaced the private sector’s, and We the People should not be forced to pay for the retirements of people that have conspired to murder us! It is time for government employees to juat get Social Security, Medicaid, and Medicare, and be responsible for their own retirements like over at least 85% of Americans in the private sector are.

      https://sputniknews.com/us/202106241083231890-viruses-dnas–bioweapon-fears-whats-behind-googles-keen-interest-in-biotech-research/

      Andrea Iravani

    7. Anecdotally, this is a very, very rural bedroom county < 25,000 population, over 97% white. The two largest employers have about 500 employees each. The largest was ordered closed, but applied for waivers, and after some reworking of lines, opened back up in three weeks. The second largest never shut down being deemed an essential industry. Many people worked cubicle jobs and worked remotely.

      Yes, I do know of several restaurants and a bar that went out of business but basically the employment rate stayed the same. They went to work at the factory.

      Unemployment did pay more than working for some, but the thing is, if you get called back to work in this state and don't go, they boot yer ass off unemployment. So I think the story about not going back because unemployment pays more is bogus, and those people don't understand how unemployment compensation actually works.

      p.s. I know…I know…stating demographics is rayciss. meh

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