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In the aftermath of past pandemics, fiscal policy played an important role in reducing or amplifying income inequality. This column predicts the likely distributional effects of Covid-19 by analysing evidence from five previous outbreaks (SARS, H1N1, MERS, Ebola, and Zika). It finds that severe austerity measures were associated with inequality increases three times greater
We re really starting to see the impact the pandemic has had on the last two graduating classes. The disruption is reflected not only in the fact that nearly half of last year s class is still looking for a job, but that nearly three-quarters of those who found work admit to accepting a job that wasn t the right fit out of desperation, Scott Blumsack, Monster s SVP of research and insights, tells CNBC Make It. The long-term implications are yet to be seen, but hiring managers and recruiters need to be aware of the setbacks and expectations of the newest members of the workforce as they rev up hiring in Q2 and into the second half of the year.