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Straggling in a Good Economy, and Now Struggling in a Crisis Straggling in a Good Economy, and Now Struggling in a Crisis
(3 days later)
An indelible image from the Great Depression features a well-dressed family seated with their dog in a comfy car, smiling down from an oversize billboard on weary souls standing in line at a relief agency. “World’s highest standard of living,” the billboard boasts, followed by a tagline: “There’s no way like the American Way.”An indelible image from the Great Depression features a well-dressed family seated with their dog in a comfy car, smiling down from an oversize billboard on weary souls standing in line at a relief agency. “World’s highest standard of living,” the billboard boasts, followed by a tagline: “There’s no way like the American Way.”
The economic shutdown caused by the coronavirus pandemic has suddenly hurled the country back to that dislocating moment captured in 1937 by the photographer Margaret Bourke-White. In the updated 2020 version, lines of cars stretch for miles to pick up groceries from a food pantry; jobless workers spend days trying to file for unemployment benefits; renters and homeowners plead with landlords and mortgage bankers for extensions; and outside hospitals, ill patients line up overnight to wait for virus testing.The economic shutdown caused by the coronavirus pandemic has suddenly hurled the country back to that dislocating moment captured in 1937 by the photographer Margaret Bourke-White. In the updated 2020 version, lines of cars stretch for miles to pick up groceries from a food pantry; jobless workers spend days trying to file for unemployment benefits; renters and homeowners plead with landlords and mortgage bankers for extensions; and outside hospitals, ill patients line up overnight to wait for virus testing.
In an economy that has been hailed for its record-shattering successes, the most basic necessities — food, shelter and medical care — are all suddenly at risk.In an economy that has been hailed for its record-shattering successes, the most basic necessities — food, shelter and medical care — are all suddenly at risk.
The latest crisis has played out in sobering economic data and bleak headlines — most recently on Thursday, when the Labor Department said 5.2 million workers filed last week for unemployment benefits.The latest crisis has played out in sobering economic data and bleak headlines — most recently on Thursday, when the Labor Department said 5.2 million workers filed last week for unemployment benefits.
That brought the four-week total to 22 million, roughly the net number of jobs created in a nine-and-a-half-year stretch that ended with the pandemic’s arrival.That brought the four-week total to 22 million, roughly the net number of jobs created in a nine-and-a-half-year stretch that ended with the pandemic’s arrival.
Certainly, the outbreak and attempts to curb it have created new hardships. But perhaps more significantly, the crisis has revealed profound, longstanding vulnerabilities in the economic system.Certainly, the outbreak and attempts to curb it have created new hardships. But perhaps more significantly, the crisis has revealed profound, longstanding vulnerabilities in the economic system.
“We built an economy with no shock absorbers,” said Joseph Stiglitz, a Nobel-winning economist. “We made a system that looked like it was maximizing profits but had higher risks and lower resiliency.”“We built an economy with no shock absorbers,” said Joseph Stiglitz, a Nobel-winning economist. “We made a system that looked like it was maximizing profits but had higher risks and lower resiliency.”
Well before the coronavirus established a foothold, the American economy had been playing out on a split screen.Well before the coronavirus established a foothold, the American economy had been playing out on a split screen.
On one were impressive achievements: the lowest jobless rate in half a century, a soaring stock market and the longest expansion on record.On one were impressive achievements: the lowest jobless rate in half a century, a soaring stock market and the longest expansion on record.
On the other, a very different story of stinging economic weaknesses unfolded. Years of limp wage growth left workers struggling to afford essentials. Irregular work schedules caused weekly paychecks to surge and dip unpredictably. Job-based benefits were threadbare or nonexistent. In this economy, four of 10 adults don’t have the resources on hand to cover an unplanned $400 expense.On the other, a very different story of stinging economic weaknesses unfolded. Years of limp wage growth left workers struggling to afford essentials. Irregular work schedules caused weekly paychecks to surge and dip unpredictably. Job-based benefits were threadbare or nonexistent. In this economy, four of 10 adults don’t have the resources on hand to cover an unplanned $400 expense.
Even middle-class Americans, once snugly secure, have become increasingly anxious in recent decades about their own fragile finances and their children’s prospects.Even middle-class Americans, once snugly secure, have become increasingly anxious in recent decades about their own fragile finances and their children’s prospects.
Since the recession’s end, the economy has pumped out enormous wealth. Workers, though, have gotten a smaller slice of those rewards. Companies prioritized short-term gains and stockholder returns at the same time that employee bargaining power was eroding.Since the recession’s end, the economy has pumped out enormous wealth. Workers, though, have gotten a smaller slice of those rewards. Companies prioritized short-term gains and stockholder returns at the same time that employee bargaining power was eroding.
In less than two decades, the share of income paid out in wages and benefits in the private sector shrank by 5.4 percentage points, a McKinsey Global Institute study found last year, reducing compensation on average by $3,000 a year, adjusted for inflation.In less than two decades, the share of income paid out in wages and benefits in the private sector shrank by 5.4 percentage points, a McKinsey Global Institute study found last year, reducing compensation on average by $3,000 a year, adjusted for inflation.
The result is that a job — once the guarantor of income security — no longer reliably plays that role.The result is that a job — once the guarantor of income security — no longer reliably plays that role.
“For many working families, wage growth has not been strong enough to allow them to meet their basic needs on their own,” the Federal Reserve Bank of Boston concluded in a report last year.“For many working families, wage growth has not been strong enough to allow them to meet their basic needs on their own,” the Federal Reserve Bank of Boston concluded in a report last year.
Work is available — but it is often unsteady and poorly paid.Work is available — but it is often unsteady and poorly paid.
Roughly seven of 10 people enrolled in public health care in New England were employed, the bank study found. So were nearly half of those who qualified for temporary cash assistance from the government.Roughly seven of 10 people enrolled in public health care in New England were employed, the bank study found. So were nearly half of those who qualified for temporary cash assistance from the government.
Employers who pay low wages and don’t offer benefits have in effect been subsidized through programs providing publicly funded medical insurance, rent money and food stamps to their workers.Employers who pay low wages and don’t offer benefits have in effect been subsidized through programs providing publicly funded medical insurance, rent money and food stamps to their workers.
Now individual employees with few resources — rather than companies or partners — are compelled to absorb some of the routine risks and uncertainties of running a business. Scheduling software that constantly changes a worker’s daily shifts to match an unexpected slowdown or rush improves a business’s bottom line but can ruin a household’s by causing wages to fluctuate widely from one week to the next. Such shifting not only scrambles family life, but also makes it more difficult to schedule other paid work.Now individual employees with few resources — rather than companies or partners — are compelled to absorb some of the routine risks and uncertainties of running a business. Scheduling software that constantly changes a worker’s daily shifts to match an unexpected slowdown or rush improves a business’s bottom line but can ruin a household’s by causing wages to fluctuate widely from one week to the next. Such shifting not only scrambles family life, but also makes it more difficult to schedule other paid work.
At large companies, employees have seen their spending on health care — because of higher deductibles, premiums and co-payments — increase twice as fast as their wages over the past decade, according to the Peterson-Kaiser Health System Tracker.At large companies, employees have seen their spending on health care — because of higher deductibles, premiums and co-payments — increase twice as fast as their wages over the past decade, according to the Peterson-Kaiser Health System Tracker.
At the same time, the cost of other necessities like housing has shot up. Millions of renters spend more than half their incomes on housing. Middle-income households, too, have been hit by escalating housing costs. Since 2000, a steadily growing share of this group has spent more than a third of earnings on rent.At the same time, the cost of other necessities like housing has shot up. Millions of renters spend more than half their incomes on housing. Middle-income households, too, have been hit by escalating housing costs. Since 2000, a steadily growing share of this group has spent more than a third of earnings on rent.
For years, households have strained to navigate this cut-to-the bone economy with varying success. The coronavirus shock has made the economic precariousness — usually seen in scattershot fashion — evident everywhere at once.For years, households have strained to navigate this cut-to-the bone economy with varying success. The coronavirus shock has made the economic precariousness — usually seen in scattershot fashion — evident everywhere at once.
“A lot of the people in the economy are living at the edge, and you have an event like this that pushes them over,” Mr. Stiglitz said. “And we are unique in the advanced world in having people at the edge without a safety net below them.”“A lot of the people in the economy are living at the edge, and you have an event like this that pushes them over,” Mr. Stiglitz said. “And we are unique in the advanced world in having people at the edge without a safety net below them.”
Powerful forces like advancing technology and globalization are partly to blame for workers’ economic instability. But Mr. Stiglitz also criticized the short-term mind-set prevalent in corporate America. Airlines — now being propped up with emergency government aid — used billions of dollars in profits to buy back their stock, he said, instead of investing in employees and productive capacity or building up reserves to withstand a downturn.Powerful forces like advancing technology and globalization are partly to blame for workers’ economic instability. But Mr. Stiglitz also criticized the short-term mind-set prevalent in corporate America. Airlines — now being propped up with emergency government aid — used billions of dollars in profits to buy back their stock, he said, instead of investing in employees and productive capacity or building up reserves to withstand a downturn.
In 2018 alone, companies in the S&P 500 — flush from windfalls resulting from steep cuts in corporate taxes — spent $806 billion repurchasing their own shares at boom-time prices in search of quick profits.In 2018 alone, companies in the S&P 500 — flush from windfalls resulting from steep cuts in corporate taxes — spent $806 billion repurchasing their own shares at boom-time prices in search of quick profits.
When the outbreak began to shutter the economy, many of these companies laid off millions of workers, ending their health insurance.When the outbreak began to shutter the economy, many of these companies laid off millions of workers, ending their health insurance.
Updated June 12, 2020Updated June 12, 2020
Touching contaminated objects and then infecting ourselves with the germs is not typically how the virus spreads. But it can happen. A number of studies of flu, rhinovirus, coronavirus and other microbes have shown that respiratory illnesses, including the new coronavirus, can spread by touching contaminated surfaces, particularly in places like day care centers, offices and hospitals. But a long chain of events has to happen for the disease to spread that way. The best way to protect yourself from coronavirus — whether it’s surface transmission or close human contact — is still social distancing, washing your hands, not touching your face and wearing masks.
So far, the evidence seems to show it does. A widely cited paper published in April suggests that people are most infectious about two days before the onset of coronavirus symptoms and estimated that 44 percent of new infections were a result of transmission from people who were not yet showing symptoms. Recently, a top expert at the World Health Organization stated that transmission of the coronavirus by people who did not have symptoms was “very rare,” but she later walked back that statement.So far, the evidence seems to show it does. A widely cited paper published in April suggests that people are most infectious about two days before the onset of coronavirus symptoms and estimated that 44 percent of new infections were a result of transmission from people who were not yet showing symptoms. Recently, a top expert at the World Health Organization stated that transmission of the coronavirus by people who did not have symptoms was “very rare,” but she later walked back that statement.
Touching contaminated objects and then infecting ourselves with the germs is not typically how the virus spreads. But it can happen. A number of studies of flu, rhinovirus, coronavirus and other microbes have shown that respiratory illnesses, including the new coronavirus, can spread by touching contaminated surfaces, particularly in places like day care centers, offices and hospitals. But a long chain of events has to happen for the disease to spread that way. The best way to protect yourself from coronavirus — whether it’s surface transmission or close human contact — is still social distancing, washing your hands, not touching your face and wearing masks.
A study by European scientists is the first to document a strong statistical link between genetic variations and Covid-19, the illness caused by the coronavirus. Having Type A blood was linked to a 50 percent increase in the likelihood that a patient would need to get oxygen or to go on a ventilator, according to the new study.A study by European scientists is the first to document a strong statistical link between genetic variations and Covid-19, the illness caused by the coronavirus. Having Type A blood was linked to a 50 percent increase in the likelihood that a patient would need to get oxygen or to go on a ventilator, according to the new study.
The unemployment rate fell to 13.3 percent in May, the Labor Department said on June 5, an unexpected improvement in the nation’s job market as hiring rebounded faster than economists expected. Economists had forecast the unemployment rate to increase to as much as 20 percent, after it hit 14.7 percent in April, which was the highest since the government began keeping official statistics after World War II. But the unemployment rate dipped instead, with employers adding 2.5 million jobs, after more than 20 million jobs were lost in April.The unemployment rate fell to 13.3 percent in May, the Labor Department said on June 5, an unexpected improvement in the nation’s job market as hiring rebounded faster than economists expected. Economists had forecast the unemployment rate to increase to as much as 20 percent, after it hit 14.7 percent in April, which was the highest since the government began keeping official statistics after World War II. But the unemployment rate dipped instead, with employers adding 2.5 million jobs, after more than 20 million jobs were lost in April.
Mass protests against police brutality that have brought thousands of people onto the streets in cities across America are raising the specter of new coronavirus outbreaks, prompting political leaders, physicians and public health experts to warn that the crowds could cause a surge in cases. While many political leaders affirmed the right of protesters to express themselves, they urged the demonstrators to wear face masks and maintain social distancing, both to protect themselves and to prevent further community spread of the virus. Some infectious disease experts were reassured by the fact that the protests were held outdoors, saying the open air settings could mitigate the risk of transmission.Mass protests against police brutality that have brought thousands of people onto the streets in cities across America are raising the specter of new coronavirus outbreaks, prompting political leaders, physicians and public health experts to warn that the crowds could cause a surge in cases. While many political leaders affirmed the right of protesters to express themselves, they urged the demonstrators to wear face masks and maintain social distancing, both to protect themselves and to prevent further community spread of the virus. Some infectious disease experts were reassured by the fact that the protests were held outdoors, saying the open air settings could mitigate the risk of transmission.
Exercise researchers and physicians have some blunt advice for those of us aiming to return to regular exercise now: Start slowly and then rev up your workouts, also slowly. American adults tended to be about 12 percent less active after the stay-at-home mandates began in March than they were in January. But there are steps you can take to ease your way back into regular exercise safely. First, “start at no more than 50 percent of the exercise you were doing before Covid,” says Dr. Monica Rho, the chief of musculoskeletal medicine at the Shirley Ryan AbilityLab in Chicago. Thread in some preparatory squats, too, she advises. “When you haven’t been exercising, you lose muscle mass.” Expect some muscle twinges after these preliminary, post-lockdown sessions, especially a day or two later. But sudden or increasing pain during exercise is a clarion call to stop and return home.Exercise researchers and physicians have some blunt advice for those of us aiming to return to regular exercise now: Start slowly and then rev up your workouts, also slowly. American adults tended to be about 12 percent less active after the stay-at-home mandates began in March than they were in January. But there are steps you can take to ease your way back into regular exercise safely. First, “start at no more than 50 percent of the exercise you were doing before Covid,” says Dr. Monica Rho, the chief of musculoskeletal medicine at the Shirley Ryan AbilityLab in Chicago. Thread in some preparatory squats, too, she advises. “When you haven’t been exercising, you lose muscle mass.” Expect some muscle twinges after these preliminary, post-lockdown sessions, especially a day or two later. But sudden or increasing pain during exercise is a clarion call to stop and return home.
States are reopening bit by bit. This means that more public spaces are available for use and more and more businesses are being allowed to open again. The federal government is largely leaving the decision up to states, and some state leaders are leaving the decision up to local authorities. Even if you aren’t being told to stay at home, it’s still a good idea to limit trips outside and your interaction with other people.States are reopening bit by bit. This means that more public spaces are available for use and more and more businesses are being allowed to open again. The federal government is largely leaving the decision up to states, and some state leaders are leaving the decision up to local authorities. Even if you aren’t being told to stay at home, it’s still a good idea to limit trips outside and your interaction with other people.
Common symptoms include fever, a dry cough, fatigue and difficulty breathing or shortness of breath. Some of these symptoms overlap with those of the flu, making detection difficult, but runny noses and stuffy sinuses are less common. The C.D.C. has also added chills, muscle pain, sore throat, headache and a new loss of the sense of taste or smell as symptoms to look out for. Most people fall ill five to seven days after exposure, but symptoms may appear in as few as two days or as many as 14 days.Common symptoms include fever, a dry cough, fatigue and difficulty breathing or shortness of breath. Some of these symptoms overlap with those of the flu, making detection difficult, but runny noses and stuffy sinuses are less common. The C.D.C. has also added chills, muscle pain, sore throat, headache and a new loss of the sense of taste or smell as symptoms to look out for. Most people fall ill five to seven days after exposure, but symptoms may appear in as few as two days or as many as 14 days.
If air travel is unavoidable, there are some steps you can take to protect yourself. Most important: Wash your hands often, and stop touching your face. If possible, choose a window seat. A study from Emory University found that during flu season, the safest place to sit on a plane is by a window, as people sitting in window seats had less contact with potentially sick people. Disinfect hard surfaces. When you get to your seat and your hands are clean, use disinfecting wipes to clean the hard surfaces at your seat like the head and arm rest, the seatbelt buckle, the remote, screen, seat back pocket and the tray table. If the seat is hard and nonporous or leather or pleather, you can wipe that down, too. (Using wipes on upholstered seats could lead to a wet seat and spreading of germs rather than killing them.)If air travel is unavoidable, there are some steps you can take to protect yourself. Most important: Wash your hands often, and stop touching your face. If possible, choose a window seat. A study from Emory University found that during flu season, the safest place to sit on a plane is by a window, as people sitting in window seats had less contact with potentially sick people. Disinfect hard surfaces. When you get to your seat and your hands are clean, use disinfecting wipes to clean the hard surfaces at your seat like the head and arm rest, the seatbelt buckle, the remote, screen, seat back pocket and the tray table. If the seat is hard and nonporous or leather or pleather, you can wipe that down, too. (Using wipes on upholstered seats could lead to a wet seat and spreading of germs rather than killing them.)
Taking one’s temperature to look for signs of fever is not as easy as it sounds, as “normal” temperature numbers can vary, but generally, keep an eye out for a temperature of 100.5 degrees Fahrenheit or higher. If you don’t have a thermometer (they can be pricey these days), there are other ways to figure out if you have a fever, or are at risk of Covid-19 complications.Taking one’s temperature to look for signs of fever is not as easy as it sounds, as “normal” temperature numbers can vary, but generally, keep an eye out for a temperature of 100.5 degrees Fahrenheit or higher. If you don’t have a thermometer (they can be pricey these days), there are other ways to figure out if you have a fever, or are at risk of Covid-19 complications.
The C.D.C. has recommended that all Americans wear cloth masks if they go out in public. This is a shift in federal guidance reflecting new concerns that the coronavirus is being spread by infected people who have no symptoms. Until now, the C.D.C., like the W.H.O., has advised that ordinary people don’t need to wear masks unless they are sick and coughing. Part of the reason was to preserve medical-grade masks for health care workers who desperately need them at a time when they are in continuously short supply. Masks don’t replace hand washing and social distancing.The C.D.C. has recommended that all Americans wear cloth masks if they go out in public. This is a shift in federal guidance reflecting new concerns that the coronavirus is being spread by infected people who have no symptoms. Until now, the C.D.C., like the W.H.O., has advised that ordinary people don’t need to wear masks unless they are sick and coughing. Part of the reason was to preserve medical-grade masks for health care workers who desperately need them at a time when they are in continuously short supply. Masks don’t replace hand washing and social distancing.
If you’ve been exposed to the coronavirus or think you have, and have a fever or symptoms like a cough or difficulty breathing, call a doctor. They should give you advice on whether you should be tested, how to get tested, and how to seek medical treatment without potentially infecting or exposing others.If you’ve been exposed to the coronavirus or think you have, and have a fever or symptoms like a cough or difficulty breathing, call a doctor. They should give you advice on whether you should be tested, how to get tested, and how to seek medical treatment without potentially infecting or exposing others.
If you’re sick and you think you’ve been exposed to the new coronavirus, the C.D.C. recommends that you call your healthcare provider and explain your symptoms and fears. They will decide if you need to be tested. Keep in mind that there’s a chance — because of a lack of testing kits or because you’re asymptomatic, for instance — you won’t be able to get tested.If you’re sick and you think you’ve been exposed to the new coronavirus, the C.D.C. recommends that you call your healthcare provider and explain your symptoms and fears. They will decide if you need to be tested. Keep in mind that there’s a chance — because of a lack of testing kits or because you’re asymptomatic, for instance — you won’t be able to get tested.
“Employer-based health insurance is a wrecking ball,” the Princeton University economists Anne Case and Angus Deaton wrote this week in The New York Times. The couple, the authors of “Deaths of Despair and the Future of Capitalism,” argue that over time this system has “destroyed the labor market for less educated workers.”“Employer-based health insurance is a wrecking ball,” the Princeton University economists Anne Case and Angus Deaton wrote this week in The New York Times. The couple, the authors of “Deaths of Despair and the Future of Capitalism,” argue that over time this system has “destroyed the labor market for less educated workers.”
The patched social service network that runs through individual states is now struggling to handle the millions of unemployment claims that have poured in as well as a flood of new applicants trying to tap existing programs. But assistance doesn’t necessarily arrive quickly. In Louisiana, for example, the backlog of applications for food stamps filed since businesses were closed in mid-March already exceeds 87,000.The patched social service network that runs through individual states is now struggling to handle the millions of unemployment claims that have poured in as well as a flood of new applicants trying to tap existing programs. But assistance doesn’t necessarily arrive quickly. In Louisiana, for example, the backlog of applications for food stamps filed since businesses were closed in mid-March already exceeds 87,000.
In the meantime, nongovernmental organizations are trying to meet the demand. Fulfill, a food bank that operates in Monmouth and Ocean Counties in New Jersey, has served an additional 364,000 meals in the last three weeks, a 40 percent spike.In the meantime, nongovernmental organizations are trying to meet the demand. Fulfill, a food bank that operates in Monmouth and Ocean Counties in New Jersey, has served an additional 364,000 meals in the last three weeks, a 40 percent spike.
“We went from 0 to 60 in five seconds,” said Kim Guadagno, Fulfill’s chief executive and president. Hurricane Sandy in 2012 was devastating, she said, but this is worse because “the need is widespread, with no end in sight.”“We went from 0 to 60 in five seconds,” said Kim Guadagno, Fulfill’s chief executive and president. Hurricane Sandy in 2012 was devastating, she said, but this is worse because “the need is widespread, with no end in sight.”
Last year, before the pandemic, Feeding America, the nation’s largest network of food banks, fed 40 million individuals, many of them children, said Claire Babineaux-Fontenot, the chief executive. “It does underscore the fact that so many people in our country live on a precipice,” she said.Last year, before the pandemic, Feeding America, the nation’s largest network of food banks, fed 40 million individuals, many of them children, said Claire Babineaux-Fontenot, the chief executive. “It does underscore the fact that so many people in our country live on a precipice,” she said.
Housing also feels less secure. A recent survey by SurveyMonkey and Apartment List, an online rental marketplace based in San Francisco, showed that a quarter of renters paid only part or none of their rent this month.Housing also feels less secure. A recent survey by SurveyMonkey and Apartment List, an online rental marketplace based in San Francisco, showed that a quarter of renters paid only part or none of their rent this month.
“These numbers are extremely worrying,” said Igor Popov, the chief economist at Apartment List. “In a typical economic downturn, when incomes take a hit, many families can downsize or move in together to minimize their rent payments. At a time when we’re sheltering in place, even moves to downgrade housing are difficult.”“These numbers are extremely worrying,” said Igor Popov, the chief economist at Apartment List. “In a typical economic downturn, when incomes take a hit, many families can downsize or move in together to minimize their rent payments. At a time when we’re sheltering in place, even moves to downgrade housing are difficult.”
Those who have been squeezed the most can expect to be squeezed even more.Those who have been squeezed the most can expect to be squeezed even more.
Before the coronavirus outbreak, Destination: Home, a Silicon Valley nonprofit that works to prevent homelessness, was on track to give $7 million in financial assistance to about 1,000 families. In March, the organization raised an additional $11 million for coronavirus relief, but was overwhelmed with demand — 4,500 requests in three days — and stopped accepting applications. The waiting list has close to 10,000 people and is growing each day.Before the coronavirus outbreak, Destination: Home, a Silicon Valley nonprofit that works to prevent homelessness, was on track to give $7 million in financial assistance to about 1,000 families. In March, the organization raised an additional $11 million for coronavirus relief, but was overwhelmed with demand — 4,500 requests in three days — and stopped accepting applications. The waiting list has close to 10,000 people and is growing each day.
“I thought there was nothing that I haven’t been involved in when it comes to homelessness, said Jennifer Loving, chief executive of Destination: Home, “but this is incomprehensibly catastrophic.”“I thought there was nothing that I haven’t been involved in when it comes to homelessness, said Jennifer Loving, chief executive of Destination: Home, “but this is incomprehensibly catastrophic.”
In a report on the economic impact of the coronavirus, the Federal Reserve Bank of Richmond warns that the largest burdens will fall on people who are already the most vulnerable — people in low-paying, insecure jobs.In a report on the economic impact of the coronavirus, the Federal Reserve Bank of Richmond warns that the largest burdens will fall on people who are already the most vulnerable — people in low-paying, insecure jobs.
That is also a group with an outsize share of minorities and immigrants.That is also a group with an outsize share of minorities and immigrants.
As a McKinsey report released this week noted, the “unfolding public-health and economic disaster” resulting from the pandemic “will disproportionately impact black Americans.”As a McKinsey report released this week noted, the “unfolding public-health and economic disaster” resulting from the pandemic “will disproportionately impact black Americans.”
It is another echo of Bourke-White’s “American Way” photo, where the contented family in the car is white and the grim faces waiting for aid are black and brown.It is another echo of Bourke-White’s “American Way” photo, where the contented family in the car is white and the grim faces waiting for aid are black and brown.
Conor Dougherty and Nelson D. Schwartz contributed reporting.Conor Dougherty and Nelson D. Schwartz contributed reporting.