Everyone is feeling the impact of the pandemic in one way or another, and those feeling it financially are in the millions. Current estimates put the United States’ unemployment rate in the teens, and there has been a record number of unemployment benefit claims. The International Monetary Fund said it expects this to be the worst global economic downturn since the Great Depression.
When it comes to what happens next, nothing is certain. According to David Autor, Ford Professor of Economics at MIT and co-chair of the MIT Work of the Future Task Force, the recession ultimately could be “transformative” for the country’s economy — both positively and negatively — but this type of crash is almost unprecedented.
“We can’t really be super confident in