AlanB3 said: "JennH:
I hear your frustration. Though the economic recovery has been steady and significant it indeed has not afforded many people the benefits that others have experienced. Much of our economic system in America rewards helps those with money make more money.
This reality has further exposed some of the systemic inequities that will require a great deal of political will to change ... from leaders in both government and business and from a citizenry that demands change. The lack of rise in real wages is an entrenched problem that probably will require some fundamental reordering of the market and how analysts evaluate corporations and their profit forecasts. The rise of "B corporations" is a hopeful, albeit still in its infancy example of this shift: https://bcorporation.net/about-b-corps
I guess I'd caution all of us to be careful with our choice of words, particularly when we are most frustrated, or maybe I'm just engaging with this topic a bit more analytically. It is easy to make generalizations or use vague data points that aren't quite helpful and those then become part of the narrative that others might pass on. Example: I am in no way a part of the 1%, but I am invested in the stock market as are many of my other ordinary middle-class friends ($40,000-$75,000/year incomes) and just about anyone with a 401K or the equivalent. Yes, the 1% own an outsized portion of the market, but they in no way are the only players."
This is validating and much appreciated.
As for that Times article, what's seemingly been happening in China and S.K. is that both have passed their peak (this is fact so far), So I don't think it's matter of these restrictions lasting until a vaccine is ready (good lord, we might as well call the apocalypse upon us now if all this lasted for a whole year and half...) but waiting until our own peak is over. Great strides a re already being made with said vaccine, but it's still very much a waiting game. There certainly will be a new normal once this is over.
Updated On: 3/17/20 at 12:58 PM