In this blog post our coordinating lead author Nora Lustig, Professor of Latin American Economics and Director of the Commitment to Equity Institute (CEQ) at Tulane University, explores (with Nancy Birdsall) how “the lockdowns throughout the world are creating a new type of brutal inequality: between those who continue to have a steady source of income and those who do not. The latter group includes not just the already poor but the millions across the world who are now at risk of falling out of the middle class: laid-off workers whose unemployment checks will not cover the rent, drivers, small business owners, contract workers, performing artists, the child care workers at-home parents don’t need and cannot now afford. The latter are those, in the rich and in the emerging market economies at least, that provide the ballast, the invisible glue, that holds societies together.” Read more here.
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