Brookings Institution: Up Front | Henry J. Aaron
COVID-19 has revealed serious shortcomings of the current safety net to cope with the consequences of mass unemployment, a problem that until now most of us thought fiscal and monetary policies could forestall. COVID-19 shows that such confidence is baseless.
Over the past couple of months, the coronavirus pandemic has demonstrated that our systems of social support are not equipped to respond quickly to three major consequences of mass unemployment: loss of income, loss of access to health insurance, and disruption of public services provided by state and local governments. This article from Brookings Institution’s Up Front looks at how this will worsen inequalities throughout the United States.