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It is no surprise then, according to the CDC, that COVID-19 inflicts “a disproportionate burden of illness and death among racial and ethnic minority groups.” But imagine how much safer, healthier, and empowered all American workers might be if that $50 trillion had been paid out in wages instead of being funneled into corporate profits and the offshore accounts of the super-rich.
According to Oren Cass, executive director of the conservative think tank American Compass, the median male worker needed 30 weeks of income in 1985 to pay for housing, healthcare, transportation, and education for his family.
Two-income families are now working twice the hours to maintain a shrinking share of the pie, while struggling to pay housing, healthcare, education, childcare, and transportations costs that have grown at two to three times the rate of inflation.
For even had our political leaders done everything right in the moment, our response to the pandemic would still have been mired in the footprint of extreme inequality: a $50 trillion upward redistribution of wealth and income—$297,000 per household—that has left our families, our economy, and our democracy far less capable of fighting this virus than in other advanced nations.
This is an America that recklessly rushed to reopen its economy in the midst of a deadly pandemic because businesses were too fragile to survive an extended closure and workers too powerless and impoverished to defy the call back to work.
For example, imagine an AARP for all working Americans, relentlessly dedicated to both raising wages and reducing the cost of thriving—a mass membership organization so large and so powerful that our political leaders won’t dare to look the other way.
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Pls be nice to bot, they tried
I’ve always understood that Saved 93% implies that it saved you from having to see 93%, here’s 7%.
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