A pandemic should be the great equalizer. This one had the opposite effect.

Pandemics should be the great equalizer. They affect everyone, rich and poor, Black and White, urban and rural. After all, even the president of the United States contracted the coronavirus. But covid-19 has actually had the opposite effect. The virus is ushering in the greatest rise in economic inequality in decades, both globally and in the United States.

Despite all the concern about inequality within America, it’s worth noting that global inequality — the gap between the richest and poorest around the world — had declined over the past few decades. Thanks to the rise of China, India and other countries, the share of people living in abject poverty (under $2 a day) is less than a quarter of what it was in 1990.

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