For all women who have lost their jobs during this pandemic, Black women and Latinas who perform the bulk of essential work during lockdown, for all Black and Brown elders who have lost their lives, capitalism is their preexisting condition.
Among the most prominent victims of the coronavirus financial crisis is the U.S. Postal Service. The Trump administration—which, like much of the GOP, has long advocated for cutbacks and privatization of the postal service.
Policy makers can start thinking now about how to prepare for the reopening of businesses and the rehiring of workers. Care must be taken to ensure that older workers, displaced due to COVID-19, can reenter the workforce.
We are experts in income inequality, and our new book, “Divested: Inequality in the Age of Finance,” argues that inequality from the Recession has a lot to do with how the government designed its response.