Economic pain in the United States is obvious and palpable everywhere except in the stock market. This spotlights inequality that has been increasing for decades. Undoing disparities will require firm policy commitment over many years.
The COVID-19 pandemic has hammered small businesses around the United States. We spoke with 21 small business owners to learn more about the challenges they are facing and how they might best be helped.
The public interest can be an elusive concept, especially when trying to distinguish between shared and individual interests, a problem brought into sharper focus as we try to find the right path to a post COVID-19 world. Governments are seeking to do the best for their societies with limited information. As more data is being acquired, how can public policy achieve common interest?
Whether history considers the current downturn a recession or a depression, it will reinforce the growing inequality in the United States. Navigating this crisis without substantially increasing inequality would require an unwavering commitment to support displaced workers and small-business owners.
Unemployment Insurance may need substantial reform to its application process, but it has weathered the COVID-19 pandemic unemployment disaster. Pandemic Unemployment Assistance, the new program intended for workers who are not part of the employer tax base, has not.
As nations across the globe remain in lockdown to curb the spread of the COVID-19 pandemic, questions about the future of employment and workforce productivity emerge. During a recent webinar, RAND experts discussed how to get people back to work and improve productivity post COVID-19.
Despite tremendous strides in educational attainment, women's engagement in the labor force in Egypt remains limited. Will Egypt's post-pandemic recovery further exacerbate structural barriers and inequities? Or could the current economic crisis be an opportunity to develop new opportunities to employ women and foster conditions for a more inclusive and diversified labor force?
Housing security is vital to individual and collective well-being. It's also a key component in the nation's economic performance. The looming coronavirus eviction crisis suggests the need to address the systemic problem of housing affordability and security now.
The global COVID-19 pandemic will have a dramatic effect on economies across the globe. But the Middle East may be particularly affected, given the simultaneous fall in oil prices. The economic consequences of this pandemic are also likely to affect U.S. interests in the region.
The COVID-19 pandemic should lead to a further strengthening of the national and international response capacity. The alternative of erecting barriers and closing America off to the world would leave it more vulnerable to the next big shock.
COVID-19 poses two dire threats to the United States: the potential deaths of many thousands of Americans, and the devastation of the $22 trillion annual economy. Protecting the health of as many people as possible by shutting down ordinary life seems completely justifiable, but that necessarily inflicts damage to the economy. This is truly a dilemma.