Income inequalities are greater in the United States than in the European Union, and employment changes were more volatile during the pandemic in the US with a sharp collapse in early 2020, followed by a speedy recovery. Poorer people were hit harder by the pandemic shock both in the EU and the US, while current high inflation also exacerbates inequalities.
What are the drivers of inequalities on both sides of the Atlantic? Do technological change and labour market institutions play a role? How have the pandemic and the recent high inflation hit different segments of society? Were the adopted policies adequate? What else needs to be done to foster inclusion and employment?
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