Covid-19 pandemic expected to create massive inequality and high unemployment

The Covid-19 pandemic is expected to widen the gap between the poor and rich creating massive inequality and high unemployment rates.

Although governments have announced stimulus packages, they may not be sufficient and may not be focused on the right areas of the economy.

Stephanie Kelton, professor of Economics and Public Policy at Stony Brook University, tweeted an article on how the Covid-19 outbreak is expected to result in massive inequality, homelessness and human suffering.

After the disease, massive inequality, deprivation, homelessness, human suffering, double-digit unemployment, a hundred million Americans without adequate health insurance, a climate crisis…. pic.twitter.com/ycQPrB3tTt

— Stephanie Kelton (@StephanieKelton) April 23, 2020

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