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Virus Exposes US Inequality. Will It Spur Lasting Remedies?
April 17, 2020
|AppleMagazine
The sick who still go to work because they have no paid leave.
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Families who face ruin from even a temporary layoff.
Front-line workers risking infection as they drive buses, bag takeout meals and mop hospital floors.
For years, financial inequality has widened in the United States and elsewhere as wealth and income have become increasingly concentrated among the most affluent while millions struggle to get by. Now, the coronavirus outbreak has laid bare the human cost of that inequality, making it more visible and potentially worse.
Congress, the Trump administration and the Federal Reserve have mounted the largest financial intervention in history — a full-scale drive that includes mandating sick leave for some, distributing $1,200 checks to individuals, allocating rescue aid to employers and expanding unemployment benefits to try to help America survive the crisis.
Yet those measures are only temporary. And for millions of newly unemployed, they may not be enough.
The disaster that is igniting what’s likely to be a deep recession also raises the question of what happens once life begins to edge back to normal. Will the U.S. remain an outlier among wealthy countries in providing limited protections for the financially vulnerable? Or will it expand the social safety net, as it did after the Great Depression of the 1930s but largely did not after the Great Recession that ended in 2009?
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