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The Bull$hit

The Bull$hit

Authored by Walter Kirn via Unbound substack (h/t Glenn Greenwald)

I used to like to read the news, the middlebrow mass-market weekly news. I also used to like to write it.  Some. This was back in the 90s at Time magazine,…

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2 years ago

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The Bull$hit

Authored by Walter Kirn via Unbound substack (h/t Glenn Greenwald)

I used to like to read the news, the middlebrow mass-market weekly news. I also used to like to write it.  Some. This was back in the 90s at Time magazine, a publication which still exists in name but whose original, defining mission – grounding the American mind in a moderate, shared reality – is dead. The whole concept seems strange now – the American mind; a cloud of ideas, opinions, and sentiments floating somewhere above the Mississippi – but at Time, in the 90s, before the internet made its approach seem sluggish and slashed its readership, it was still possible to regard our product as unifying and, in its way, definitive. Sometimes I covered tangible events such as drug epidemics and forest fires, but much of the time I stitched together interviews conducted by local stringers and reporters into feature stories on such topics as “The New Science of Happiness” and “Children of Divorce.” It was an article of faith at Time that the findings of social scientists, simplified for popular consumption, ranked with hard news as a source of public enlightenment. Until business began to suffer, requiring cut-backs, the magazine kept an in-house research library, the better for checking even the smallest facts. The burden of accuracy lay heavy on Time. Its mighty name required nothing less.

Things are different now.

Every morning, there it is, waiting for me on my phone. The bullshit. It resembles, in its use of phrases such as “knowledgeable sources” and “experts differ,” what I used to think of as the news, but it isn’t the news and it hasn’t been for ages. It consists of its decomposed remains in a news-shaped coffin. It does impart information, strictly speaking, but not always information about our world. Or not good information, because it’s so often wrong, particularly on matters of great import and invariably to the advantage of the same interests, which suggests it should be presumed wrong as a rule. The information it imparts, if one bothers to sift through it, is information about itself; about the purposes, beliefs, and loyalties of those who produce it: the informing class. They’re not the ruling class — not quite — but often they’re married to it or share therapists or drink with it at Yale Bowl football games. They’re cozy, these tribal cousins. They cavort. They always have. What has changed is that the press used to maintain certain boundaries in the relationship, observing the incest taboo. It kept its pants zipped, at least in public. It didn’t hire ex-CIA directors, top FBI men, NSA brass, or other past and future sources to sit beside its anchors at spot-lit news-desks that blocked our view of their lower extremities. But it gave in. 

I’m stipulating these points, I’m not debating them, so log off if you find them too extreme. Go read more bullshit. Immerse yourself in news of Russian plots to counterfeit presidential children’s laptops, viruses spawned in Wuhan market stalls, vast secret legions of domestic terrorists flashing one another the OK sign in shadowy parking lots behind Bass Pro Shops experiencing “temporary” inflation, and patriotic tech conglomerates purging the commons of untruths. Comfort yourself with the thoughts that the same fortunes engaged in the building of amusement parks, the production and distribution of TV comedies, and the provision of computing services to the defense and intelligence establishments, have allied to protect your family’s health, advance the causes of equity and justice, and safeguard our democratic institutions. Dismiss as cynical the notion that you, the reader, are not their client but their product. Your data for their bullshit, that’s the deal. And Build Back Better. That’s the sermon.

Pious bullshit, unceasing. But what to do? 

One option, more popular each day, is to retreat to the anti-bullshit universe of alternative media sources. These are the podcasts, videos, Twitter threads, newsletters, and Facebook pages that regularly vanish from circulation for violating “community standards” and other ineffable codes of conduct, oft-times after failing “fact-checks” by the friendly people at Good Thoughtkeeping. Some of these rebel outfits are engrossing, some dull and churchy, many quite bizarre, and some, despite small staffs and tiny budgets, remarkably good and getting better. Some are Substack pages owned by writers who severed ties with established publications, drawing charges of being Russian agents, crypto-anarchists, or free-speech “absolutists.” I won’t bother to give a list. Readers who hunt and choose among such sources have their own lists, which they fiercely curate, loudly pushing their favorites on the world while accusing those they disagree with of being “controlled opposition” and running cons. It resembles the old punk-rock scene, but after it was discovered, not early on. Some of the upstart outlets earn serious money, garnering higher ratings and more page-views than the regime-approved brands Apple features on the News screen of my iPhone. (A screen I’ve disabled and don’t miss.) This wilderness of “contrarianism” – a designation easily earned these days; you merely have to mention Orwell or reside in Florida -- requires a measure of vigilance and effort from those who seek the truth there. As opposed to those who go there to relax, because they prefer alt-bullshit to mainstream bullshit.

They can just kick their shoes off and wade in. 

One reason to stick with the premium name-brand bullshit is to deconstruct it. What lines are the propagandists pushing now? Where will they lead? How blatant will they get? Why are the authors so weirdly fearless? The other day when Cuba erupted in protests, numerous stories explained the riots, confidently, instantly, as demands for COVID vaccines. The accompanying photos didn’t support this claim; they featured ragged American flags and homemade signs demanding freedom. One wire-service headline used the protests to raise concerns about viral spread in crowds. A puzzling message. It wasn’t meant for the defiant Cubans, who weren’t at liberty to read it and whose anger at their rulers clearly outweighed their concerns about contagion. It had to be aimed at English-speaking Americans. But to what end? American protests of the previous summer hadn’t raised such cautions from the press. To the contrary. Our riots, if one could call them that (and one could not at many companies) were framed as transcendent cries for justice whose risks to public health were negligible, almost as though moral passion enhances immunity. And maybe it does, but why not in Cuba, too? To me, the headline only made sense in the context of the offensive against domestic “vaccine hesitancy” and its alleged fascist-bumpkin leaders. The Reuters writer had seen in Cuba’s revolt a chance to glancingly editorialize against rebelliousness of another type. The type its staff abhors day in, day out, no matter what’s happening in Cuba, or, for that matter, in America. The bullshit is consistent in this way, reducing stories of every kind into nitrogen-rich soil for the same views. These views feel unusually ferocious now, reflecting the convictions of those on high that they should determine the fates of those on low with minimal backtalk and no laughter. Because science. Because Putin. Democracy. Because we’re inside your phones and know your names. 

Engaging with the bullshit news-stream for defensive, deconstructive reasons has been my personal program for a while now. The game can be intellectually amusing and it confers a sense of brave revulsion. I was conditioned to seek this feeling in school, during units on “current events,” when my classmates and I were invited to deplore poverty, pollution, and prejudice. Behind these exercises was the notion that our little lives were isolated, vulnerable affairs loomed over by colossal, distant “trends.” Like bad weather, these trends might sneak up on us and harm us, especially if we ignored them, but unlike bad weather, which came from nature, these grim enormities were human-made and therefore partly our responsibility. This idea promoted magical thinking. Take our sixth-grade war on “smog,” which worsened children’s asthma and killed trees. Smog didn’t bother our Minnesota town but it smothered Los Angeles and other cities, as we learned from mock-newspapers and film strips. We cast spells against it from our desks by drawing pictures of smoky traffic jams. Our teacher called this “showing awareness” and implied it helped. I must have bought this. It explains why I thought being conscious of the bullshit actually accomplished something.

The idea of ignoring it entirely raised superstitious fears in me. Unnoticed bad trends might whack me from behind. Also, dropping out seemed immature. Well-adjusted grown-up read the news, if only to curse the news. They read it because other grown-ups read it, creating a common model of the world that might be bullshit but forms a frame of reference for public debate. Then I considered the state of public debate. Judging by Twitter, it wasn’t high. One problem was no matter how well you argued, no matter how strong your evidence and logic, your foes almost never recognized they’d lost. No judges to arbitrate the matches, no rules to guide them, and no trusted sources of facts to balance them. Mostly you just called bullshit on each other, and sometimes you wondered if both of you were right.  Such arguments were sink holes. They never advanced past their own premises. 

At times in my life, by happenstance, I’ve dwelled in oblivion, thoroughly news-free. In college in the early 80s I went four years without turning on TV or opening a paper. I learned that President Reagan had been shot from a pilot’s announcement on a plane, then gathered more details when I landed, from a stranger in a cowboy hat. My sense of the wider world derived from classes, books, conversations, works of art, and glimpses of newsstands and magazine racks. I don’t remember feeling deprived. Then, last year, at the height of the pandemic, when everyone else was merging with their screens, I turned my back on the bullshit for two whole months.

My father was dying of ALS in his retirement cabin in Montana, out of range of cell-phone towers. It was an overwhelming situation. Disregarding all the latest rules, friends had brought him there in a motorhome from his seniors’ community near Tucson. I needed help lifting him, so I hired a health aid who flew in from Miami, another breach of quarantine. This hazard required the local hospice workers to visit wearing full protective gear and stay outside the cabin in the driveway when passing me my father’s meds and pamphlets on the stages of death. They stuck to this protocol for the first week, then abandoned it so they could see their patient’s face. I lost track of the rules, the days, the virus. I sat at his bedside before his big TV watching reruns of Murder She Wrote, his favorite show, he told me, “Because there’s never any blood.” A former patent attorney with a degree in chemical engineering, a Republican who’d ofted voted Democrat, he’d tuned out the news a few years ago, he said, because it gave him stomach aches. He forbade me to handle the remote lest I land for a moment on CNN while changing channels. He talked about family history, old friends, and had me place phone calls to banks and credit card firms, which he seemed to take pleasure in informing of his any-minute-now demise. I turned on my computer exactly once, to research a narcotic he’d been prescribed, and I peeked at a rundown of election news that curdled my brain with its lazy tropes and buzzwords. To think that people wore out their precious lives consuming and reacting to such bullshit, cycling through the emotions it unleashed, sweating out its bulletins and updates, believing, disputing, and decrying it. And ultimately, in my father’s case, avoiding it.

Maybe he should have ignored it all along. Once time grew short, he didn’t mention a bit of it, with one exception: the day John F. Kennedy was shot. He spoke of it three days before he died. He said he was in Washington DC then, working as a law clerk in the same building that housed the Associated Press. He ran to its offices when he heard the news and watched paper spill from the teletype machines and pile on the floor. He told me he regretted not snatching some; those first dispatches might be worth a lot now. I thought about this. One-of-a-kind original paper documents, not identical, infinitely reproducible electronic files. No wonder there was so much bullshit now. It was content. Mere content. Ones and zeros. Lots of zeros, not so many ones.

“I’ve always wondered who killed him,” my father said. “It wasn’t Oswald. Not Oswald on his own.”

“Who do you think?” It seemed he’d studied the matter. New side of him. Should have spent more time together.

“Maybe the Mafia, maybe LBJ. There may have been certain Cubans in the mix. All I know is we didn’t get the truth.”

I’m fairly sure we often don’t. Still, it’s hard to give up hope, and today I blew half an hour on the bullshit, under which the truth lies buried. Maybe. Maybe it’s bullshit the whole way down. How much time do you have for finding out?

Less than you had this morning.

Fact.

Tyler Durden Thu, 09/30/2021 - 16:21

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Mistakes Were Made

Mistakes Were Made

Authored by C.J.Hopkins via The Consent Factory,

Make fun of the Germans all you want, and I’ve certainly done that…

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3 hours ago

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March 17, 2024

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Mistakes Were Made

Authored by C.J.Hopkins via The Consent Factory,

Make fun of the Germans all you want, and I’ve certainly done that a bit during these past few years, but, if there’s one thing they’re exceptionally good at, it’s taking responsibility for their mistakes. Seriously, when it comes to acknowledging one’s mistakes, and not rationalizing, or minimizing, or attempting to deny them, and any discomfort they may have allegedly caused, no one does it quite like the Germans.

Take this Covid mess, for example. Just last week, the German authorities confessed that they made a few minor mistakes during their management of the “Covid pandemic.” According to Karl Lauterbach, the Minister of Health, “we were sometimes too strict with the children and probably started easing the restrictions a little too late.” Horst Seehofer, the former Interior Minister, admitted that he would no longer agree to some of the Covid restrictions today, for example, nationwide nighttime curfews. “One must be very careful with calls for compulsory vaccination,” he added. Helge Braun, Head of the Chancellery and Minister for Special Affairs under Merkel, agreed that there had been “misjudgments,” for example, “overestimating the effectiveness of the vaccines.”

This display of the German authorities’ unwavering commitment to transparency and honesty, and the principle of personal honor that guides the German authorities in all their affairs, and that is deeply ingrained in the German character, was published in a piece called “The Divisive Virus” in Der Spiegel, and immediately widely disseminated by the rest of the German state and corporate media in a totally organic manner which did not in any way resemble one enormous Goebbelsian keyboard instrument pumping out official propaganda in perfect synchronization, or anything creepy and fascistic like that.

Germany, after all, is “an extremely democratic state,” with freedom of speech and the press and all that, not some kind of totalitarian country where the masses are inundated with official propaganda and critics of the government are dragged into criminal court and prosecuted on trumped-up “hate crime” charges.

OK, sure, in a non-democratic totalitarian system, such public “admissions of mistakes” — and the synchronized dissemination thereof by the media — would just be a part of the process of whitewashing the authorities’ fascistic behavior during some particularly totalitarian phase of transforming society into whatever totalitarian dystopia they were trying to transform it into (for example, a three-year-long “state of emergency,” which they declared to keep the masses terrorized and cooperative while they stripped them of their democratic rights, i.e., the ones they hadn’t already stripped them of, and conditioned them to mindlessly follow orders, and robotically repeat nonsensical official slogans, and vent their impotent hatred and fear at the new “Untermenschen” or “counter-revolutionaries”), but that is obviously not the case here.

No, this is definitely not the German authorities staging a public “accountability” spectacle in order to memory-hole what happened during 2020-2023 and enshrine the official narrative in history. There’s going to be a formal “Inquiry Commission” — conducted by the same German authorities that managed the “crisis” — which will get to the bottom of all the regrettable but completely understandable “mistakes” that were made in the heat of the heroic battle against The Divisive Virus!

OK, calm down, all you “conspiracy theorists,” “Covid deniers,” and “anti-vaxxers.” This isn’t going to be like the Nuremberg Trials. No one is going to get taken out and hanged. It’s about identifying and acknowledging mistakes, and learning from them, so that the authorities can manage everything better during the next “pandemic,” or “climate emergency,” or “terrorist attack,” or “insurrection,” or whatever.

For example, the Inquiry Commission will want to look into how the government accidentally declared a Nationwide State of Pandemic Emergency and revised the Infection Protection Act, suspending the German constitution and granting the government the power to rule by decree, on account of a respiratory virus that clearly posed no threat to society at large, and then unleashed police goon squads on the thousands of people who gathered outside the Reichstag to protest the revocation of their constitutional rights.

Once they do, I’m sure they’ll find that that “mistake” bears absolutely no resemblance to the Enabling Act of 1933, which suspended the German constitution and granted the government the power to rule by decree, after the Nazis declared a nationwide “state of emergency.”

Another thing the Commission will probably want to look into is how the German authorities accidentally banned any further demonstrations against their arbitrary decrees, and ordered the police to brutalize anyone participating in such “illegal demonstrations.”

And, while the Commission is inquiring into the possibly slightly inappropriate behavior of their law enforcement officials, they might want to also take a look at the behavior of their unofficial goon squads, like Antifa, which they accidentally encouraged to attack the “anti-vaxxers,” the “Covid deniers,” and anyone brandishing a copy of the German constitution.

Come to think of it, the Inquiry Commission might also want to look into how the German authorities, and the overwhelming majority of the state and corporate media, accidentally systematically fomented mass hatred of anyone who dared to question the government’s arbitrary and nonsensical decrees or who refused to submit to “vaccination,” and publicly demonized us as “Corona deniers,” “conspiracy theorists,” “anti-vaxxers,” “far-right anti-Semites,” etc., to the point where mainstream German celebrities like Sarah Bosetti were literally describing us as the inessential “appendix” in the body of the nation, quoting an infamous Nazi almost verbatim.

And then there’s the whole “vaccination” business. The Commission will certainly want to inquire into that. They will probably want to start their inquiry with Karl Lauterbach, and determine exactly how he accidentally lied to the public, over and over, and over again …

And whipped people up into a mass hysteria over “KILLER VARIANTS” …

And “LONG COVID BRAIN ATTACKS” …

And how “THE UNVACCINATED ARE HOLDING THE WHOLE COUNTRY HOSTAGE, SO WE NEED TO FORCIBLY VACCINATE EVERYONE!”

And so on. I could go on with this all day, but it will be much easier to just refer you, and the Commission, to this documentary film by Aya Velázquez. Non-German readers may want to skip to the second half, unless they’re interested in the German “Corona Expert Council” …

Look, the point is, everybody makes “mistakes,” especially during a “state of emergency,” or a war, or some other type of global “crisis.” At least we can always count on the Germans to step up and take responsibility for theirs, and not claim that they didn’t know what was happening, or that they were “just following orders,” or that “the science changed.”

Plus, all this Covid stuff is ancient history, and, as Olaf, an editor at Der Spiegel, reminds us, it’s time to put the “The Divisive Pandemic” behind us …

… and click heels, and heil the New Normal Democracy!

Tyler Durden Sat, 03/16/2024 - 23:20

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Harvard Medical School Professor Was Fired Over Not Getting COVID Vaccine

Harvard Medical School Professor Was Fired Over Not Getting COVID Vaccine

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

A…

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March 16, 2024

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Harvard Medical School Professor Was Fired Over Not Getting COVID Vaccine

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

A Harvard Medical School professor who refused to get a COVID-19 vaccine has been terminated, according to documents reviewed by The Epoch Times.

Martin Kulldorff, epidemiologist and statistician, at his home in Ashford, Conn., on Feb. 11, 2022. (Samira Bouaou/The Epoch Times)

Martin Kulldorff, an epidemiologist, was fired by Mass General Brigham in November 2021 over noncompliance with the hospital’s COVID-19 vaccine mandate after his requests for exemptions from the mandate were denied, according to one document. Mr. Kulldorff was also placed on leave by Harvard Medical School (HMS) because his appointment as professor of medicine there “depends upon” holding a position at the hospital, another document stated.

Mr. Kulldorff asked HMS in late 2023 how he could return to his position and was told he was being fired.

“You would need to hold an eligible appointment with a Harvard-affiliated institution for your HMS academic appointment to continue,” Dr. Grace Huang, dean for faculty affairs, told the epidemiologist and biostatistician.

She said the lack of an appointment, combined with college rules that cap leaves of absence at two years, meant he was being terminated.

Mr. Kulldorff disclosed the firing for the first time this month.

“While I can’t comment on the specifics due to employment confidentiality protections that preclude us from doing so, I can confirm that his employment agreement was terminated November 10, 2021,” a spokesperson for Brigham and Women’s Hospital told The Epoch Times via email.

Mass General Brigham granted just 234 exemption requests out of 2,402 received, according to court filings in an ongoing case that alleges discrimination.

The hospital said previously, “We received a number of exemption requests, and each request was carefully considered by a knowledgeable team of reviewers.”

“A lot of other people received exemptions, but I did not,” Mr. Kulldorff told The Epoch Times.

Mr. Kulldorff was originally hired by HMS but switched departments in 2015 to work at the Department of Medicine at Brigham and Women’s Hospital, which is part of Mass General Brigham and affiliated with HMS.

“Harvard Medical School has affiliation agreements with several Boston hospitals which it neither owns nor operationally controls,” an HMS spokesperson told The Epoch Times in an email. “Hospital-based faculty, such as Mr. Kulldorff, are employed by one of the affiliates, not by HMS, and require an active hospital appointment to maintain an academic appointment at Harvard Medical School.”

HMS confirmed that some faculty, who are tenured or on the tenure track, do not require hospital appointments.

Natural Immunity

Before the COVID-19 vaccines became available, Mr. Kulldorff contracted COVID-19. He was hospitalized but eventually recovered.

That gave him a form of protection known as natural immunity. According to a number of studies, including papers from the U.S. Centers for Disease Control and Prevention, natural immunity is better than the protection bestowed by vaccines.

Other studies have found that people with natural immunity face a higher risk of problems after vaccination.

Mr. Kulldorff expressed his concerns about receiving a vaccine in his request for a medical exemption, pointing out a lack of data for vaccinating people who suffer from the same issue he does.

“I already had superior infection-acquired immunity; and it was risky to vaccinate me without proper efficacy and safety studies on patients with my type of immune deficiency,” Mr. Kulldorff wrote in an essay.

In his request for a religious exemption, he highlighted an Israel study that was among the first to compare protection after infection to protection after vaccination. Researchers found that the vaccinated had less protection than the naturally immune.

“Having had COVID disease, I have stronger longer lasting immunity than those vaccinated (Gazit et al). Lacking scientific rationale, vaccine mandates are religious dogma, and I request a religious exemption from COVID vaccination,” he wrote.

Both requests were denied.

Mr. Kulldorff is still unvaccinated.

“I had COVID. I had it badly. So I have infection-acquired immunity. So I don’t need the vaccine,” he told The Epoch Times.

Dissenting Voice

Mr. Kulldorff has been a prominent dissenting voice during the COVID-19 pandemic, countering messaging from the government and many doctors that the COVID-19 vaccines were needed, regardless of prior infection.

He spoke out in an op-ed in April 2021, for instance, against requiring people to provide proof of vaccination to attend shows, go to school, and visit restaurants.

“The idea that everybody needs to be vaccinated is as scientifically baseless as the idea that nobody does. Covid vaccines are essential for older, high-risk people and their caretakers and advisable for many others. But those who’ve been infected are already immune,” he wrote at the time.

Mr. Kulldorff later co-authored the Great Barrington Declaration, which called for focused protection of people at high risk while removing restrictions for younger, healthy people.

Harsh restrictions such as school closures “will cause irreparable damage” if not lifted, the declaration stated.

The declaration drew criticism from Dr. Anthony Fauci, head of the National Institute of Allergy and Infectious Diseases, and Dr. Rochelle Walensky, who became the head of the CDC, among others.

In a competing document, Dr. Walensky and others said that “relying upon immunity from natural infections for COVID-19 is flawed” and that “uncontrolled transmission in younger people risks significant morbidity(3) and mortality across the whole population.”

“Those who are pushing these vaccine mandates and vaccine passports—vaccine fanatics, I would call them—to me they have done much more damage during this one year than the anti-vaxxers have done in two decades,” Mr. Kulldorff later said in an EpochTV interview. “I would even say that these vaccine fanatics, they are the biggest anti-vaxxers that we have right now. They’re doing so much more damage to vaccine confidence than anybody else.”

Surveys indicate that people have less trust now in the CDC and other health institutions than before the pandemic, and data from the CDC and elsewhere show that fewer people are receiving the new COVID-19 vaccines and other shots.

Support

The disclosure that Mr. Kulldorff was fired drew criticism of Harvard and support for Mr. Kulldorff.

The termination “is a massive and incomprehensible injustice,” Dr. Aaron Kheriaty, an ethics expert who was fired from the University of California–Irvine School of Medicine for not getting a COVID-19 vaccine because he had natural immunity, said on X.

“The academy is full of people who declined vaccines—mostly with dubious exemptions—and yet Harvard fires the one professor who happens to speak out against government policies.” Dr. Vinay Prasad, an epidemiologist at the University of California–San Francisco, wrote in a blog post. “It looks like Harvard has weaponized its policies and selectively enforces them.”

A petition to reinstate Mr. Kulldorff has garnered more than 1,800 signatures.

Some other doctors said the decision to let Mr. Kulldorff go was correct.

“Actions have consequence,” Dr. Alastair McAlpine, a Canadian doctor, wrote on X. He said Mr. Kulldorff had “publicly undermine[d] public health.”

Tyler Durden Sat, 03/16/2024 - 21:00

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Correcting the Washington Post’s 11 Charts That Are Supposed to Tell Us How the Economy Changed Since Covid

The Washington Post made some serious errors or omissions in its 11 charts that are supposed to tell us how Covid changed the economy. Wages Starting with…

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March 16, 2024

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The Washington Post made some serious errors or omissions in its 11 charts that are supposed to tell us how Covid changed the economy.

Wages

Starting with its second chart, the article gives us an index of average weekly wages since 2019. The index shows a big jump in 2020, which then falls off in 2021 and 2022, before rising again in 2023.

It tells readers:

“Many Americans got large pay increases after the pandemic, when employers were having to one-up each other to find and keep workers. For a while, those wage gains were wiped out by decade-high inflation: Workers were getting larger paychecks, but it wasn’t enough to keep up with rising prices.”

That actually is not what its chart shows. The big rise in average weekly wages at the start of the pandemic was not the result of workers getting pay increases, it was the result of low-paid workers in sectors like hotels and restaurants losing their jobs.

The number of people employed in the low-paying leisure and hospitality sector fell by more than 8 million at the start of the pandemic. Even at the start of 2021 it was still down by over 4 million.

Laying off low-paid workers raises average wages in the same way that getting the short people to leave raises the average height of the people in the room. The Washington Post might try to tell us that the remaining people grew taller, but that is not what happened.

The other problem with this chart is that it is giving us weekly wages. The length of the average workweek jumped at the start of the pandemic as employers decided to work the workers they had longer hours rather than hire more workers. In January of 2021 the average workweek was 34.9 hours, compared to 34.4 hours in 2019 and 34.3 hours in February.

This increase in hours, by itself, would raise weekly pay by 2.0 percent. As hours returned to normal in 2022, this measure would misleadingly imply that wages were falling.

It is also worth noting that the fastest wage gains since the pandemic have been at the bottom end of the wage distribution and the Black/white wage gap has fallen to its lowest level on record.

Saving Rates

The third chart shows the saving rate since 2019. It shows a big spike at the start of the pandemic, as people stopped spending on things like restaurants and travel and they got pandemic checks from the government. It then falls sharply in 2022 and is lower in the most recent quarters than in 2019.

The piece tells readers:

“But as the world reopened — and people resumed spending on dining out, travel, concerts and other things that were previously off-limits — savings rates have leveled off. Americans are also increasingly dip into rainy-day funds to pay more for necessities, including groceries, housing, education and health care. In fact, Americans are now generally saving less of their incomes than they were before the pandemic.

This is an incomplete picture due to a somewhat technical issue. As I explained in a blogpost a few months ago, there is an unusually large gap between GDP as measured on the output side and GDP measured on the income side. In principle, these two numbers should be the same, but they never come out exactly equal.

In recent quarters, the gap has been 2.5 percent of GDP. This is extraordinarily large, but it also is unusual in that the output side is higher than the income side, the opposite of the standard pattern over the last quarter century.

It is standard for economists to assume that the true number for GDP is somewhere between the two measures. If we make that assumption about the data for 2023, it would imply that income is somewhat higher than the data now show and consumption somewhat lower.

In that story, as I showed in the blogpost, the saving rate for 2023 would be 6.8 percent of disposable income, roughly the same as the average for the three years before the pandemic. This would mean that people are not dipping into their rainy-day funds as the Post tells us. They are spending pretty much as they did before the pandemic.

 

Credit Card Debt

The next graph shows that credit card debt is rising again, after sinking in the pandemic. The piece tells readers:

“But now, debt loads are swinging higher again as families try to keep up with rising prices. Total household debt reached a record $17.5 trillion at the end of 2023, according to the Federal Reserve Bank of New York. And, in a worrisome sign for the economy, delinquency rates on mortgages, car loans and credit cards are all rising, too.”

There are several points worth noting here. Credit card debt is rising, but measured relative to income it is still below where it was before the pandemic. It was 6.7 percent of disposable income at the end of 2019, compared to 6.5 percent at the end of last year.

The second point is that a major reason for the recent surge in credit card debt is that people are no longer refinancing mortgages. There was a massive surge in mortgage refinancing with the low interest rates in 2020-2021.

Many of the people who refinanced took additional money out, taking advantage of the increased equity in their home. This channel of credit was cut off when mortgage rates jumped in 2022 and virtually ended mortgage refinancing. This means that to a large extent the surge in credit card borrowing is simply a shift from mortgage debt to credit card debt.

The point about total household debt hitting a record can be said in most months. Except in the period immediately following the collapse of the housing bubble, total debt is almost always rising.

And the rise in delinquencies simply reflects the fact that they had been at very low levels in 2021 and 2022. For the most part, delinquency rates are just getting back to their pre-pandemic levels, which were historically low.  

 

Grocery Prices and Gas Prices

The next two charts show the patterns in grocery prices and gas prices since the pandemic. It would have been worth mentioning that every major economy in the world saw similar run-ups in prices in these two areas. In other words, there was nothing specific to U.S. policy that led to a surge in inflation here.

 

The Missing Charts

There are several areas where it would have been interesting to see charts which the Post did not include. It would have been useful to have a chart on job quitters, the number of people who voluntarily quit their jobs during the pandemic. In the tight labor markets of 2021 and 2022 the number of workers who left jobs they didn’t like soared to record levels, as shown below.

 

The vast majority of these workers took other jobs that they liked better. This likely explains another item that could appear as a graph, the record level of job satisfaction.

In a similar vein there has been an explosion in the number of people who work from home at least part-time. This has increased by more than 17 million during the pandemic. These workers are saving themselves thousands of dollars a year on commuting costs and related expenses, as well as hundreds of hours spent commuting.

Finally, there has been an explosion in the use of telemedicine since the pandemic. At the peak, nearly one in four visits with a health care professional was a remote consultation. This saved many people with serious health issues the time and inconvenience associated with a trip to a hospital or doctor’s office. The increased use of telemedicine is likely to be a lasting gain from the pandemic.

 

The World Has Changed

The pandemic will likely have a lasting impact on the economy and society. The Washington Post’s charts captured part of this story, but in some cases misrepr

The post Correcting the Washington Post’s 11 Charts That Are Supposed to Tell Us How the Economy Changed Since Covid appeared first on Center for Economic and Policy Research.

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