Some interesting numbers. First, check out this graphic from today’s (May 8, 2020, 1:00 p.m.) Wall Street Journal website that highlights why the stock market is a pretty lousy proxy for the economy:
This next number caught my eye because it features a small Nebraska city, Grand Island, where Celeste and I spent one night last summer when we were driving home from Colorado. It’s from an article in the May 7, 2020 Wall Street Journal:
Local officials have now confirmed hundreds of coronavirus cases, with more than 200 linked to a local JBS USA beef plant and another 40 to area nursing homes. There were 1,228 Covid-19 cases as of Tuesday in a city of roughly 51,000, according to the regional health department. That puts its per capita rate of infection well above that of New York, the hardest-hit state in the nation by the coronavirus pandemic.
Compare those numbers to my hometown of Winston-Salem, NC, which has a population of 246,000, 347 confirmed COVID-19 cases and five deaths as of 5/8/2020. So despite have five times the population of Grand Island, Winston-Salem has had less than a third the number of confirmed cases. One interesting piece of info though: Winston-Salem has seen a recent spike in cases and a high percentage of those cases are tied to people who work in a Tysons Food poultry plant located in a county that’s an hour away.
Long story short: food processing plants are becoming a significant hotspot in the less urban parts of the country, and since those operations are all essential and can’t be done remotely, it wouldn’t be a stretch to think that small cities and towns across the country could see a significant per-capita impact for months into the future.