The Economy Is (Almost) Back. It Is Looking Different Than It Used To.

One of the big questions we now face is “How will the economy recover after covid?”. The answer seems to be both “quickly” and “unevenly”…

The central reality of the economy in 2021 is that it’s profoundly unequal across sectors, unbalanced in ways that have enormous long-term implications for businesses and workers.

The economy is recovering rapidly, and is on track to reach the levels of overall G.D.P. that would have been expected before anyone had heard of Covid-19. But that masks some extreme shifts in composition of what the United States is producing. That matters both for the businesses on the losing end of those shifts and for their workers, who may need to find their way into the growing sectors.