The economic crisis is not only highlighting some ugly truths about the gap between people at either end of the income scale. It is making that gap wider.
The coronavirus pandemic shutdowns that forced the economy into a deep freeze over the past two months have prompted a staggering 38.6 million people to seek jobless benefits, according to the Labor Department. Over the same period, the nation’s billionaires have added a collective $434 billion to their wealth, or 15 percent, the Institute for Policy Studies, a liberal think tank, finds in a new report.
