Question

In: Economics

What impacts do you believe COVID-19 will have on income inequality? Who will feel the most...

What impacts do you believe COVID-19 will have on income inequality? Who will feel the most pressure? Is there something policymakers could do differently?

Solutions

Expert Solution

Covid -19 has affected badly most of the countries population .People can't go out for job.hence they are not having any job in now a days.work from home concept is started.Labor requirement is decreasing .there demand is decreasing day by day.More technique will be using by business organisation.and its impacted badly on income of poor.because as they are not aware about technique so companies throwing out of job from those people's .hence they are becoming poor or more poor.middle class and lower class people' s feel the pressure most.because they are having limited income.And due to lockdown situation they are not having job either or they are receiving lesser income from their employer.hence they do not have money.Unskilled labour are also facing difficulties because they are not internet or techinque friendly people.hence companies throwing out these person from job because work from home concept is started.

Policy maker can provide Applicability of Universal basic income for all.They can make policy for enhancement of skill of unskilled labour.Subsidies can be provided to poor person.Government can make assure that people will get regural income.Make assure that all person get to complete his education first.government make different policy and relief for the help of poor person.


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