Coronavirus Crisis Underlines Weak Spots in U.S. Economic System [The New York Times]
SVMK INC COMMON (SVMK)
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Source: The New York Times
The Coronavirus Outbreakdebugid:204mentContinue reading the main storySupported byStraggling in a Good Economy, and Now Struggling in a CrisisThe coronavirus pandemic has shown how close to the edge many Americans were living, with pay and benefits eroding even as corporate profits surged.Contrasts between the American image of plenty and the needs of many citizens have become more glaring in times of crisis.Credit...Margaret Bourke-White/Time Life Pictures/Getty ImagesByPatricia CohenAn indelible image from the Great Depression features a well-dressed family seated with their dog in a comfy car, smiling down from an oversize billboard on weary souls standing in line at a relief agency. “World’s highest standard of living,” the billboard boasts, followed by a tagline: “There’s no way like the American Way.”The economic shutdown caused by the coronavirus pandemic has suddenly hurled the country back to that dislocating moment captured in 1937 by the photographer Margaret Bourke-White.
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