Economics
K-Shaped Recovery to Worsen Inequities in Jobs to Real Estate
- Pandemic has amplified income, racial and gender disparities
- Employment data, equity gains illustrate economy in conflict
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The U.S. economic recovery is wildly uneven. More than 13 million Americans are unemployed. At the same time, many others have been able to work from home and some are actually richer -- thanks to a surging stock market and housing boom.
This conflict has been dubbed the “K-shaped” recovery. And it’s exacerbating racial, wealth, social and gender disparities, according to Peter Atwater, an adjunct lecturer at William and Mary, a university in Virginia, who has popularized the term.