OK, so earlier I tweeted a chart of internationally fully-vaccinated rates, and wondered if someone had split the red and blue US states.
And then I did it and @ritwik_priya wondered if this was an income effect. So I investigated! 1/
Here is the red-blue split in fully vaccinated (FV) rates by time (lefthand side - incidentally, it is depressingly easy to sort the states - very few toss-ups)

But then I looked at GDP per capita and compared to latest FV-rate 2/ ImageImage
... and you can see a *rough* correlation. The slope of the chart says the FV rate rises 0.5 ppts per $1000 of GDP per capita.

So *then* I split that out, i.e. measured the distance from the sloped line, and compared Democrat and Republican states. You get this: 3/ Image
The Democrat states are 5pts above zero, the Republican ones 5pts below

I am sure there are plenty of other variables. Education levels? But the initial impression still stands ... 4/4

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More from @Gilesyb

5 Aug
I have a NEW PUBLICATION out, about productivity and much more. If there were one theme it is this: you can't restore UK productivity growth simply by going all-out on tech-rich, "high value" sectors.

Here is a thread 1/ instituteforgovernment.org.uk/publications/p…
Let's start with the Great Slowdown that began in 2008. Keep this in mind: had we kept to the trend of 1998-08 GDP growth, the economy in 2018 would have been £300bn+ larger.

Was this because the UK "put its eggs in all the wrong baskets?" NO! 2/
It is a popular, miserabilist idea: Britain stopped making things, failed to get into new, high-tech industries, instead got into shopping, basic admin - the low value services. And hence we slipped off the growth train.

But the numbers are not there: 3/
Read 17 tweets
28 Jul
Josh and BrightBlue have written an astonishingly comprehensive report into how Carbon prices should work, including solid implementable steps.

This thread is great but cannot do the report justice - well worth reading. My very brief thoughts: 1/
Really like the three principles.
1. Carbon pricing is about behaviour change, not necessarily revenue raising.
2. Needs to be fair to avoid gilet jaunes issues
3. It is just a piece of the puzzle, not the whole jigsaw 2/
(am particularly keen on that last principle: the refuge of the lazy laissez faire thinker - like a particular former chancellor- is "just put a price on carbon, the market will fix it." No. It. Won't. But the price helps) 3/
Read 5 tweets
27 Jul
This morning I have mostly been investigating the thesis of @billwells_1 - that UK employment usually changes/rises in a way largely independent of GVA. And I find he is right, which may have implications for productivity ... See these sectors, for example: 1/4
If employment is just "doing its thing", rather than (quickly) responding to GVA or GDP, it means that GDP/L, the measure we most often use for productivity, on any one year will be v correlated with GDP. And look - easy to see 2/4
I am wisely warned not to over-interpret these patterns. I also warn others not to act like you can just pull a lever and increase demand in sector X or Y. But in the short term, it does justify Bill's saying - productivity is just a residual. And ... 3/4
Read 5 tweets
18 Jul
Imagine an economy of restaurants, randomly trying different styles. Their outcomes range across a distribution. The winners create jobs, profits and annoying columns about their brilliant entrepreneurialism. The losers go bust. Restaurant eating rises in line with GDP 1/5
Bad policy wonks come along, and look at the top quartile. "If the median performance could match the top restaurants, the industry would be X% bigger" they opine. But of course they can't, not in terms of sales. Orders at Bob's Pizza take from orders at Sheila's Fish 2/
A lot of sectoral/regional analysis of growth hits this fallacy*. Even when someone calculates how much richer society would be if everyone had higher education. The sum of social gains *isn't* the sum of each individual's gain. What was gained at the expense of another? 3/
Read 6 tweets
16 Jul
Here are some staggeringly obvious points about Gross Value Added, employment, and therefore productivity (the first divided by the second). But they might lead to some insight into manufacturing, demand, etc following the excellent @jeegarkakkad thread yesterday 1/9
If you have only data on GVA and employment (L), and want to explain movements in GVA/L (prod), you can quickly see which plays the bigger role. It is GVA, full stop. See these charts, for Total UK economy ... 2/ Image
... and also for Professional Services...3/ Image
Read 10 tweets
30 Apr
Bemused southern Remainers like me, about to be befuddled by the Hartlepool poll result, need constant reminders that there are lots of people who really, genuinely, honestly think that the Government did them a massive favour by pushing through Brexit ...
.... rather than, say, that a bunch of wilfully self-destructive people perversely chose to vote against their own interests to punish remote, elite others from the privileged south in an irrational spasm of cultural spite and are still somehow enjoying their vandalism
Why they still think Brexit is helping them is still beyond me, but that they do is surely undeniable
Read 4 tweets

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