Op-Ed: How Corporations Can Help Confront Rising Inequality
Amid worries of a K-shaped recovery, corporate leaders and investors can help halt the increase in disparity, global economist and investor Dambisa Moyo says.
Dambisa Moyo
A lot has been said about the possible alphabet soup of economic recovery shapes post-COVID-19: L, U, V, W, for example.
However, relatively little attention has been paid to the threat of a K-shaped recovery one which would exacerbate inequality in the post-pandemic period and, in particular, how the private sector can help combat this trend.
The pandemic has already worsened inequality in a number of stark ways.
Builders, lawmakers seek housing solutions January 27 2021
Annual summit addresses the need for many more homes to be built in Oregon every year.
New home construction was one of the brightest economic stars last year. After a 13-year slump caused by the Great Recession, housing starts returned to historic levels in 2020, despite the COVID-19 pandemic.
But annual construction in Oregon needs to increase by one-third over the next 20 years to provide enough additional housing to ease the affordable housing crisis and to reduce homelessness. The state currently needs nearly 600,000 additional units of all kinds to meet the existing and projected demand through 2040.
Record Rise In Global Inequality In Post-Covid World; Need For Radical Economical Shift: Oxfam
Women and marginalised racial and ethnic groups are more likely to be pushed into poverty, more likely to go hungry, and more likely to be excluded from healthcare in Covid aftermath Oxfam Asia website Associated Press (AP) 2021-01-25T10:17:50+05:30 Record Rise In Global Inequality In Post-Covid World; Need For Radical Economical Shift: Oxfam outlookindia.com 2021-01-25T11:39:42+05:30
Anti-poverty campaigner Oxfam warned Monday that the fallout of the coronavirus pandemic will lead to the biggest increase in global inequality on record unless governments radically rejig their economies.
How To Make America More Equal
from the International Monetary Fund this post authored by Heather Boushey, an incoming member of President-elect Biden s White House Council on Economic Advisors
The COVID-19 pandemic is shining an unforgiving spotlight on the many inequalities in the United States, demonstrating how pervasive they are and that they put the nation at risk for other systemic shocks. To stop the spread of the virus and emerge from a crushing recession, these fundamental inequalities must be addressed. Otherwise not only is a slow economic recovery more than likely, but the odds grow that the next shock - health or otherwise - will again throw millions out of work and subject their families to fear, hunger, and lasting economic scars.