During the COVID-19 recession, economists began to describe the United States’ economic recovery as a K-shaped recovery. This means that high-income Americans were able to recover quicker than those at the lower end of the income scale. The division between those at the top and bottom of the economic pyramid became even more pronounced during this time.
Economic inequality has only worsened since the pandemic recovery began, according to Peter Atwater, who coined the phrase “K-shaped recovery.” While some low-wage workers have seen wage gains, this only tells part of the story. Atwater warns of the risks of allowing a K-shaped economy to continue unchecked and discusses which letter of the alphabet would best represent a healthy economy.
In addition to discussing economic recovery, the show also delves into an Oklahoma Supreme Court decision regarding a publicly funded religious charter school and explores the fragility of global shipping supply chains, which may be influencing Federal Reserve decisions on interest rates.
One listener shares their experience of adapting their home to accommodate living with friends, and a happy wedding anniversary is extended to Susanna. The show encourages audience participation through questions and comments sent to [makemesmart@marketplace.org](mailto:makemesmart@marketplace.org) or through voicemails to 508-U-B-SMART.
