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In: Economics

The website “Inequality and Covid-19 in 13 Charts” used the latest data to show you some...

The website “Inequality and Covid-19 in 13 Charts” used the latest data to show you some facts. Have you noticed or experiences any class divide in your daily life since this pandemic happened? What do you think of the divide and the inequality in New York City?

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Expert Solution

Wealth and Income Inequality and Covid-19 Billionaire Wealth is Skyrocketing During the Pandemic Total U.S. billionaire wealth, select dates in 2020 Top Five Other S35T $3.0T $25T $2.0T $1,5T Top 5 Billionaires: Bezos, Gates, Zuckerberg, Buffett, & Musk $1.07 S05T Mar 18 Apr 29 May 14 May 19 May 28 Jun 4 Jun 11 Jun 18 Jul 23 Aug 6 Aug 20 Sep 3 Aug 27 Sep 10 Source: Institute for Policy Studies mo
More Equal Societies are Better Able to Control Pandemics Covid-19 deaths per million people, rolling 7-day average, August 1-September 15, 2020 40 30 20 Mexico Brazil United States Belgium Italy Sweden Germany New Zealand Norway South Korea 10 Canada Sep 12 Sep 5 Aug 29 Aug 1 Aug 8 Aug 22 Aug 15 Source: European Center for Disease Prevention and Control and Our World in Data
Low-Wage Workers Have Higher Pandemic Job Losses Change in U.S. employment levels by income group, relative to February 1, 2020 1.0 0.9 0.8 Highest-income Second-highest Middle-income Second-lowest Lowest-income 0.7 0.6 0.5 Jun 23 Feb 4 Feb 18 Mar 3 Mar 17 Mar 31 Apr 14 Apr 28 May 12 May 26 Jun 9 Source: Becker Friedman Institute for Economics, University of Chicago, July 2020 og To


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