![]() has created a shallower economic downturn than elsewhere. Still, a strong policy response in the U.S. Just as worrisome, poorer children have experienced terrible educational setbacks as schools moved online, presaging a potentially long-term aggravation of inequality and deprivation. The poorest will also suffer the most from the pandemic’s economic aftermath-in particular, from the loss of jobs, disproportionately concentrated in low-wage service sectors. Surviving from paycheck to paycheck and not having even the most basic rights of health care and paid sick leave, many Americans lacked testing to know if they were infected and either went to work, spreading the virus, or sought help too late. SARS-CoV-2 went after those with poverty-related health conditions and with jobs that cannot be done in isolation. suffered the most COVID-attributed deaths of any country. In part because of its huge income and wealth inequalities, the U.S. Just how bad the situation will become depends on how long the disease rages and what policy makers do to control it and its consequences. Global billionaire wealth grew by $4.4 trillion between 20, and at the same time more than 100 million people fell below the poverty line. and between developed and developing countries. The pandemic’s most significant outcome will be a worsening of inequality, both within the U.S. An ugly nationalism displayed by countries that have hoarded vaccines and put profits over lives shows no sign of abating, despite its potentially devastating outcomes for the world. The resulting ordeal will almost surely lead to the creation of more onshore production facilities. Many countries, including the U.S., proved unable to manufacture simple products such as face masks, let alone more complicated ones such as ventilators. The novel coronavirus exposed and exacerbated the fragility and inequity of the global economic system.
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