Inequality and the coronavirus

The coronavirus, which has infected over 115 million people and killed over 2.5 million globally, has thrust inequality into the spotlight. How people cope has differed by race, by gender and by income.

For instance, close to 22,000 Black and Hispanic Americans would still be alive, as of December, if these groups died of the virus at the same rate as White Americans, according to Oxfam.

And 112 million fewer women would be at risk of losing income or their jobs if men and women were equally represented in sectors hurt by the pandemic.

Meanwhile, the wealthy are generally weathering the Covid storm quite well. Though stock markets collapsed in the early months of the pandemic, they have roared back — thanks in part to the unprecedented economic assistance provided by governments.

Worldwide, the wealth of billionaires has grown by 3.9 trillion dollars between mid-March and the end of December, Oxfam calculated.

Source: https://edition.cnn.com/2021/01/24/economy/oxfam-inequality-rich-poverty/index.html

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