LEFT VIEWPOINTS
- A “K” shaped recovery is an economic recovery that diverges between two groups of people” the rich and the poor. The rich see stock prices increase while the poor do not see those benefits.
- When the Fed began unprecedented quantitative easing in March, the trillions of dollars ultimately flowed to the stock market, enriching those who own stocks.
- The poor do not own stocks, they lost jobs, and they lack health insurance because health insurance is primarily employer-based in the United States.
- To prevent the detrimental effects of a “K” shaped recovery, we should be seriously looking at universal healthcare and UBI (universal basic income).
- UBI and universal health insurance would give the bottom 80% of U.S. population more disposable income, which would lead to less of shock after an economic crisis and a more healthy economy for everyone.
What is Universal Basic Income?
