Roe vs Wade, that’s why private security titles will shine
The speech by Edoardo Narduzzi, president of gAIn RoboWealth
The judgments not only have political or social impacts but can also disclose original economic trends in the medium and long term. This is the case of the decision of the US Supreme Court in the Roe vs Wade case which favored free abortion starting in 1973 throughout the United States.
A study by the economist Steve D. Levitt (for those wishing to read more easily the recommended reading is the book Freakonomics written in conjunction with Stephen J. Dubner) showed that the statistical effects of this ruling were about 1.6 million annual abortions recorded post sentence and decided by American women free to choose with respect to pregnancy. The majority of these women were young, single mothers of African American ethnicity with a very precarious economic situation.
The liberalization of abortion for Leavitt was the most important parameter to explain the drastic reduction in crime in the US a few years after the aforementioned sentence. Because? For the simple reason that young African Americans born to a single mother with a fragile economic situation, because they are often not employed, had a very high probability of becoming delinquents or criminals. For Leavitt, the reduction in crime even in cities such as New York starting from the second half of the 1980s must be explained precisely by starting from the freedom to abort that all American women recognized by the Roe vs Wade pronouncement.
What could happen now is that the single mothers of ethnic minorities residing in the states that introduce the abortion ban will have greater difficulty, because they are economically more fragile, to move to the states where abortion will remain possible and, therefore, will be forced by the child. freedom of choice to carry on the pregnancy. It should not be surprising, therefore, if in a few years the crime rate, especially juveniles, will return to increase and with it the presence and activism of the criminal organizations most interested in recruiting unemployed young people with low education who are willing to commit crime because they are sensitive to the risk of a very particular penalty or even death.
For those who don't have too many problems staying long on securities related to private security or specialized in sensors and crime prevention systems, then the recent decision of the American Supreme Court is a unique opportunity to be seized. In a few years, the demand for private surveillance services and the provision of sophisticated equipment to protect private property from extreme forms of assault will certainly increase. After cyber security, the physical security sector in the US also enters the buy territory, without prejudice to any possible federal legislative intervention that restores the freedom of abortion of young American single mothers.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/roe-vs-wade-ecco-perche-brilleranno-i-titoli-legati-alla-sicurezza-privata/ on Sun, 03 Jul 2022 06:17:17 +0000.