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.
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