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Speculations by Frank Didik
Corona Virus Related Thoughts

Corona Virus: What I have observed regarding the Corona Virus can be read here. Further, my photographs of empty New York City, can be viewed here.

Johns Hopkins University declared on September 28, 2021, that 1 million people have died of the said Covid-19 virus worldwide. This means that of the estimated 7.5 billion people on the planet, the chance of dying from the virus is about 1 in 7500, or .00013 percent.

A $40 per hour minimum wage? ...Frank X. Didik, September 22, 2021
 In 1962, the average 35 year old working man was able to support a wife, 3 or 4 children, own a house in the suburbs, have 2 cars and had enough money to go on a vacation once or twice a year. Today, it takes two highly educated people working to buy a small one or two bedroom coop or condo, car ownership is rare and they can only afford to have one or two children at best. To achieve what a man in 1962 made per week and to regain the standard of living of that time, the minimum wage must be increased to $40 per hour. The gradual decline over the past 60 years should be changed. Perhaps "shock treatment" that was recommended to the former communist countries in Eastern Europe by "experts" from leading American Universities, should be the guide for this sudden increase in the average (minimum) wage. Several things would happen. First, people would initially spend much more money and this would almost instantly create huge demand. At the same time, it is very possible that prices would go up, though perhaps not as fast as one might expect, since production efficiency is much greater today than in 1962. Finally, it might be necessary to implement trade barriers. This of course would run counter to the direction of globalism. Perhaps it is time to modify the notion of globalism and take into account the different global cultures, work ethics and achievements.

Minimum wage and the Covid Pandemic Frank X. Didik, June 15, 2021. The minimum wage was never supposed to be the average wage. The original function of the minimum wage was supposed to be a temporary wage till the worker could find a better position. Unfortunately, over the past 50 years, the minimum wage has gradually become the normal wage for low income workers. A person can not live on a minimum wage, even if the wage is $15 per hour as it is in some locals, such as New York City. As a result of the Covid Pandemic and the Federal Governments enhanced unemployment benefits, many low wage workers now refuse to work for minimum wage. The result has been that businesses have started to offer higher starting wages, which in many cases amounts to 25% or more above the minimum wage. This is a good start, but for the dignity of the worker and the workers ability to rent an apartment, and perhaps get married and have a family, the basic wage must increase even more.

What will happen after September 1, 2021, when added unemployment benefits end, when landlords can demand back rent or evict, when banks can demand back mortgage payments or start eviction proceedings and when governments can demand and act on unpaid back taxes? One can only speculate on what might happen, but I believe that surplus spending will end, that there will be a business and economic slowdown and that real estate sales prices may decrease, considering that unpaid mortgages will again start to be foreclosed upon. On the other hand, businesses will be able to hire more workers, since much of the unemployment benefits will end. Still, we are entering into very unknown economic and social territory.Frank X. Didik, June 15, 2021.

Remote working, office space, the diminished need for employees Frank X. Didik, January 1, 2021 It is fascinating to note that as a result of the government imposed Covid-19 restrictions, that for a period of time, an estimated 30% of the population was out of work, and yet the country did not experience any long term shortages, in any area. One might say that this is a wake-up call for companies to show them that they have too many redundant employees. read more

Does constant mask wearing reduce cognitive ability? Studies have shown that people inhale between 7% and 12% of their exhaled breath, with an accumulation of carbon dioxide. Does this cause minor cognitive loss for the wearer over time? Further, over time, the masks quickly become both moist as well as becomes a breading ground for bacteria. Also, does the additional stress on the lungs to breath through a filter effects the lungs? More studies must be performed to determine if mask wearing causes biological issues as well as psychological issues over time.

Lockdowns benefit large companies at the expense of small stores and businesses Frank X. Didik December 16, 2020
 It has become obvious that the lockdowns, imposed by most of the states to control the spread of Covid-19, has clearly benefited large companies, particularly on-line mega-companies, at the expense of small, local businesses, that were forced to either close their doors or greatly curtail their operations. It was estimated that these small companies and stores represented about 60% of the economy. As a result of the government imposed lockdowns, much of this bushiness activity and wealth has been transferred, perhaps permanently, to the on-line stores. This is rapidly creating a vastly different business environment and potentially will reduce the ability of an individual to start their own business in the future.

Massive surpluses in society Industry has produced massive surpluses Since the start of the Industrial Revolution, 230 years ago, society has gradually managed to ever increase productivity and surpluses. Today, these surpluses are so great that I estimate that only 20% of the population can support themselves and the rest of the population. This assumption was proven essentially correct with the Covid/Corona lockdowns when it was estimated that over 50% of the population was not working and yet society did not experience any shortages in any area. Further, with the robotic and artificial intelligence revolution just around the corner, even greater surpluses will be achieved and even less workers/employees will be needed. This leads to the question of how to deal with the vast number of people who's work will no longer be needed? If the present monetary system continues, perhaps a basic, livable income will necessary, though in general, I am not in favor of the idea, since I have always felt that everyone should be required to carry their own weight in society and further, give back to society. There are some who feel that the population should be reduced by discouraging the formation of families, encouraging single life, birth control, abortion, same sex unions encouraging latter age marriage and other methods. Most non-retail businesses can easily survive with less than 50% of their work force.

Factors causing and controlling inflation Frank X. Didik, June 15, 2021. The unprecedented increase in the money supply since March 2020 through money being pumped into businesses, banks, and individuals, through increased unemployment compensation, has all had an effect on the potential for inflation. It is estimated that the national debt has increased from 21 trillion dollars in January 2020 to an estimated 34 trillion dollars as of May, 2021, an increase of about 30 percent. Though there is noticeable inflation, it is not as high as one might expect. What has happened? Many people are not spending the additional money on goods and services, but rather parking the money in such areas as crypto-currencies, paying down their existing credit card and other debt and by investing their additional money in the stock market, which in fact has inflated since January 2020.

Massive inflation coming?-Part 2 Frank X. Didik, June 15, 2021. Inflation is here. The US. Department of Commerce estimates that as of June 1, 2021, inflation is hovering just below 8%. However certain items clearly have increased well beyond this amount with construction materials having increased anywhere from 200 to 400 percent. It is estimated that beef prices and fish prices has increased by about 30 percent, while gasoline has increased by approximately 40 percent since the Covid pandemic low in August, 2020.

Massive inflation coming? Frank X. Didik, January 2, 2021. At the start of 2020, it is estimated that the United States national debt was 21 Trillion dollars. As of January 2, 2021, as a result of the vast "printing" of additional money for Covid Relief and other expenses, this debt is estimated at just under 30 trillion dollars. Surely, one would think that a 30% increase in money supply would lead to significant inflation, but this has not happened. I believe that this is primarily because of vast production surpluses, on every level including manufacturing, services and farming. Robotics, efficient computerized allocation of resources and transportation has produced enough for everyone, without pressure on the market.

Similarities between the current lock-downs and Prohibition Frank X. Didik, January 2, 2021. Many people feel that the shock of the lockdowns is unique in American history. This is not the case. There have been many shocking, similar instances of business closures or being greatly curtailed in American history. Some examples include in 1919, with the introduction of Prohibition, when all of the bars and liquor stores were suddenly closed and it was impossible to legally purchase alcohol. Clearly it was shocking when the leisurely pint after work and the closures of bars, must have been shocking. Prohibition ended in 1933. During World War 2, there were also many restrictions including rationing of previously common items such as meat, sugar, gasoline and other items. Similar restrictions and shortages also occurred During the Civil war of 1861-1865 and the Revolutionary War of 1775-1783.

Some people feel that the Covid issue has become more political than medical and true science and statistical knowledge has been abandoned, for the sake of pushing one narrative. It is now time to return to normalicy.

"Temporary" seems to have become the new permanent under the virus hysteria lockdown.

Exaggerated Covid deaths? What started as a whisper, is now becoming a roar. The fact is that we are not stepping over bodies, as during the bubonic plague (black death) of 1347 to 1353. It is clear to everyone that Covid, has the same mortality rate as the common flu. Further, people around the country are wise to the difference between "died because of Covid" vs "died with Covid". The fact that the total number of deaths world wide has not increased since the Covid scare shows that the numbers are wrong. It is time to return to normalcy. To accommodate those who fear what they may have done over the past 18 months, perhaps a "truth and reconciliation committee" and amnesty, similar to what South Africa did, should be considered.

If the vaccinations work, why must people still wear masks and why the need for a "Vaccination Passport"? Obviously, if someone decides not to take the vaccine, they are the one's who might be at risk. Why would people not want to take this potentially life saving vaccination? There are a number of reasons including that some of the vaccinations used aborted baby's/fetuses, some people question how a vaccination can be developed in two months, while the average time it takes to develop a vaccine is 13 years. The long term effects of the vaccines are completely unknown. Finally, some people feel that there is not any need to take it considering that the recovery rate is just under 100%. Finally, some people feel that the risks of permanent injury or death from the vaccine, outweighs the risks from the potential of getting the vaccine. The concept of "my body, my choice also seems to be a factor to decline taking the vaccine. Presently about 50% of the United States has taken or plans to take the vaccine.

Pent up Demand caused by Covid-19 lockdown? Unlikely. People are used to staying home, have developed new habits, and after being out of work, will probably want to save money.

Forced vaccinations? But Why? read more

Do more people die because of the Corona Virus or because of the lockdown? read more

Hysterical Fears pushed in the media and other sources: What ever happened to Y2K, the Ozone hole, nuclear winter, missile gap, read more

Is Covid-19 as widespread as suggested? read more

Corona Virus "Experts"? Who is to say who is an expert when the entire virus is a new event and nobody has any real understanding what is going on. This is like the transition period of Eastern Europe from 1989 to 1992, when so many "leading experts" came from nowhere and gave the public their speculation with truly disastrous results, causing massive inflation and economic failure in countries who followed their "advice".

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