, Columnist
This Unequal Pandemic Recovery Hurts Everyone
The k-shape is really a trap waiting to spring on the economy.
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Many of us talk about economics in bland abstractions that can obscure the real people and consequences involved. For example, we keep calling the pandemic recession “K-shaped,” which is a handy way to describe how millions suffer while others thrive. It might be more appropriate to say it’s the shape of a giant bear trap waiting to snap down on us all.