Dr. Chhoda explores the massive inequalities in the financial system and the widening gap between the rich and the poor in the wake of the pandemic:
1. Jobs Rebounded for the Top, but Not for Bottom
2. $100 threshold for the $400/week
3. State specific implementation
The recession is largely over for the rich. The working class remain in deep pain.
– Stocks are near record highs, up SIGNIFICANTLY since the March 2020 bottom
– Home values have continued to surge and many homes are at all time highs because of historically low mortgage rates
– Jobs are back for high income earners.
On the other hand:
– Most low wage earners have lost their jobs, some permanently
– the $600/week unemployment booster has expired, and replaced with the ‘lost wages assistance program’ which your state may / may not be able to implement in part / in its entirety
The measure limits eligible recipients to those receiving at least $100 a week in state benefits.
That leaves out roughly 1 million people or more, according to one estimate. This will disproportionately impact low-wage, part-time and female workers.
– there is no extension of the eviction moratorium
The map in the video is from Matt Darling’s Twitter Feed. Matt is from He is VP at Ideas 42 in New York. It is a non-profit design and consulting firm that uses insights from the behavioral sciences to address complex social problems.
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