Why 40,000 People Die for Every 1% Increase in Unemployment - The Big Short
524,676
Published 2020-07-26
This is an incredibly significant claim, that adds even more weight to the already significant societal issues that come along with people out of the job.
So is this claim actually true?
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#bigshort #unemployment #economics
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All Comments (21)
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Thanks as always for watching :D This video was requested by the team over on Patreon. If you want to have your say on what video is produced next please consider supporting the channel. www.patreon.com/EconomicsExplained
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Liechtenstein: hits 1% unemployment rate All of Liechtenstein: Adios
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Last time I was this early, there was money to be made shorting housing bonds.
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I got fired from a decent paying ($40K ish a year) job and my family didn't quite recover until 3 years later. Right after that my wife got pneumonia, which caused some hefty medical medical bills. We even lived in a van with our one year old for a few months, which eventually helped us start saving again. We moved into an apartment right before Covid hit.
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Economics of a hostage situation
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Shouldn't the big short just meet half way at The medium medium ?
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If the unemployment rate grows from 3.5% to 15% it is not an 11% increase but rather 428%
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" If the misery of the poor be caused not by the laws of nature but by our institutions , great is our sin ! " - Charles Darwin
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Las time I was this early I was employed...
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15 percent unemployment. "A'IGHT IM'MA HEAD OUT." -400,000 people,circa 2020
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Short answer - No. Long Answer - Yes and No. It's affected by economic conditions on the ground that are far more complex. For all that, it's still a terrible thing if people can't get back to work because there's not much work left to begin with, or the work that is available doesn't pay enough for even basic subsistence. Nice video!
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*Unemployment rate is 15% Well this isn’t good...
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me graduated in 2020 Interviewer: stay home stay safe
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As someone who was unemployed more than once in my life, I absolutely can imagine how widespread layoffs contributes to a heightened death toll.
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South Africa has a total of 7.01 million people who are unemployment which is roughly 30.1% Q1 of the population. And this was before Corona hit the country. This is a very scary time for recent graduates.
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This video makes me glad I live in Australia.
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"Cheer up, you're not structurally unemployed. You're cyclically unemployed. We think jobs will eventually come back. One day."
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Bold of you to assume that I have a job. Wait..
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Please make a video on what would happen to the economy if everyone over 70 died! I threw out this what if at a new year party last year ... and now I want to know what kind of future I've doomed us to.
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Love the video! I was never interested in economics however I discovered your videos during quarantine and I've learned a lot and it has gotten me much more interested in economics. Keep up the great work!
