The shocking disconnect between a thriving U.S. investor economy and its millions of unemployed as a recipe for even worse social unrest.
Don’t blame Lisa Scott, a 43-year-old certified nursing assistant who lives in the Oxford Circle section of Philadelphia, for not celebrating this week as the Standard & Poor’s 500 index soared to yet another record high, as Wall Street’s unbelievable — in every sense of the word — summer stretches into a new month.
On Wednesday afternoon, as the Dow was rising yet another 454 points, Scott — who hasn’t worked since the coronavirus turned her world upside down in March — was far too busy worrying why Pennsylvania still hasn’t processed her unemployment claim, whether her landlord will keep allowing her to pay whatever rent she can and how she’d be able to seek new work with her 12-year-old at home for virtual schooling. Continue reading.