Given the nation’s high levels of income and asset inequality, why do so many New Zealanders oppose wealth redistribution? Professor Philip Nel argues it comes down to the perceived fairness of our society, but questions when that will run out. One of the perennial puzzles about New Zealand is why voters do not oppose inequality more, given the country’s alleged egalitarian tradition, and relatively high current levels of income and wealth.
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from the New York Fed
The economic toll of COVID-19 on America s small businesses is acute and ongoing. Uncertainty related to public health protocols, consumer demand, technology adoption, supply chains, and government relief programs has upended the operating environment for small firms that frequently lived on the financial margins even before the pandemic.[ 1]
This is especially true for small firms owned by people 45 and older, which saw significant closures in spring 2020 and whose numbers remain well below pre-pandemic levels. Among people of color, the drop was even more stark.[ 2]
Business ownership has the potential to be a financial bulwark, especially for business owners of color.[3] Age 45+ business owners entered the pandemic with much stronger financial cushions than similar age employees and business owners under the age of 45. However, our analysis of survey data for small employer firms [4] collected in late 2020 and detailed interviews with 25 business owners f
Guest column: United Way planning for future bryancountynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bryancountynews.com Daily Mail and Mail on Sunday newspapers.