A pandemic, one would think, is indiscriminate, targeting rich and poor alike. But the coronavirus is making inequality worse.
AdvertisementKnowledge workers who can work at home are riding out the pandemic in relative safety. First responders, healthcare workers, bus drivers, grocery store clerks and delivery workers don’t have that luxury.
Or will we choose to muddle through the Pandemic Recession and try to forget everything we’re suddenly seeing in stark relief?So far, federal and state governments have been in crisis mode, scrambling to quell the pandemic and halt the economy’s free fall.with more than $3 trillion in emergency spending, an emergency effort of unprecedented size.
President Trump hopes for a sharp economic recovery before the November election. But the International Monetary Fund warns the recession could last more than a year. The bounce-back could stall if the pandemic recurs or if wary consumers stay away from public places and continue to trim their spending.
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