The COVID-19 pandemic, in the words of Tedros Adhanom Ghebreyesus, the director general of the World Health Organization (WHO), “is a once-in-a-century health crisis.” Indeed, the last public health emergency to wreak such havoc was the great influenza pandemic that began in 1918, which sickened about a third of the world’s population and killed at least 50 million people. But because global conditions are becoming increasingly hospitable to viral spread, the current pandemic is unlikely to be the last one the world faces this century. It may not even be the worst.The novel coronavirus hit...…The COVID-19 pandemic, in the words of Tedros Adhanom Ghebreyesus, the director general of the World Health Organization (WHO), “is a once-in-a-century health crisis.” Indeed, the last public health emergency to wreak such havoc was the great influenza pandemic that began in 1918, which sickened about a third of the world’s population and killed at least 50 million people. But because global conditions are becoming increasingly hospitable to viral spread, the current pandemic is unlikely to be the last one the world faces this century. It may not even be the worst.The novel coronavirus hit...WW…

In recent years, academics and policymakers in the United States have struggled with an economic mystery. Why, even as the U.S. economy has grown in the past few decades, have wages remained relatively stagnant? Many scholars have landed on one reason in particular: the decline in the of U.S. workers due to shrinking union membership and the rise of subcontracting. Workers have benefited less from economic growth as their ability to bargain for higher wages has withered. Instead, major gains have gone to investors and managers, and inequality in the United States has soared.  Other...…In recent years, academics and policymakers in the United States have struggled with an economic mystery. Why, even as the U.S. economy has grown in the past few decades, have wages remained relatively stagnant? Many scholars have landed on one reason in particular: the decline in the of U.S. workers due to shrinking union membership and the rise of subcontracting. Workers have benefited less from economic growth as their ability to bargain for higher wages has withered. Instead, major gains have gone to investors and managers, and inequality in the United States has soared.  Other...WW…

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