Levy Institute President Dimitri B. Papadimitriou on How COVID-19 Is Widening Already Worrisome Levels of Income, Racial, and Gender Inequality in the United States
“This engenders an element of a vicious circle at work: not only will the pandemic and its fallout worsen inequality; inequality will exacerbate the spread of the virus, not to mention undermine any ensuing economic recovery efforts,” Papadimitriou told ABC News. “A reduction in income inequality is one of the most important—if not the single-most important—structural changes that needs to be implemented so that the U.S. economy can return to a sustainable growth path in the medium run.”
Post Date: 06-28-2020
Post Date: 06-28-2020