Accepted Articles

Abstract: The U.S. has historically relied on a robust labor force that was willing to work for arguably meager wages.  Unfortunately, the wages, which have not been satisfactorily adjusted with the increase in cost of living and inflation, have led to economic disparity and a wealth gap disproportionately affecting workers by race and gender, thereby perpetuating a cycle of poverty for those at the lowest levels on the socioeconomic ladder.

The vulnerability of those in such a financially unstable system became only too apparent during the shutdown of businesses across the country in hopes of halting the spread of the COVID-19 in the early months of 2020. For those most affected by the sudden pandemic, especially those in a lower socio-economic income level, minorities and women have been shown to be most vulnerable to financial losses, job termination, and disposable equity. Undereducated workers, limited skills, low wages, and a lack of opportunity have led many to suffer during the pandemic because employment options are limited. Historically, Blacks and Women have been paid on average just a mere percentage of what White men make in income. This equals out to trillions of dollars in losses. During the pandemic, many of these people suffered because their jobs, like in the retail or service industry, were restricted due to mandatory distancing. Being unskilled, they suffered great losses because new opportunities were not presented. There is a growing need to solve the problem of inequality so that millions do not suffer trauma due to loss.   

Keywords: Economic inequality, COVID-19, wealth gap, race and gender, socioeconomic ladder

References:

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