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Economies are like universes - they just keep expanding, and making everything better as they do. Right? This animated explainer by the World Economic Forum and TED-Ed takes a closer look. ....
The digital economy is overtaking traditional markets, and it’s spurring a multitude of benefits. But not all industries are seeing those benefits equally. ....
A healthy economy can reduce inequality – but only to a limited extent The coronavirus pandemic triggered unprecedented economic contractions and job losses, exposing and worsening inequality around the world. Global extreme poverty is set to rise for the first time in over 20 years, with Covid-19 forcing millions more to live on less than $1.90 a day, according to the World Bank. David Wilcox of the Peterson Institute for International Economics said economic downturns in the U.S. tend to be “inequality-exacerbating” and that this recession has “unique characteristics.” He pointed to data which shows that employment rates for high-wage workers have returned to pre-Covid levels. Low-wage employment, however, is still down by nearly 20%. ....