LONDON (Thomson Reuters Foundation) – Britons would be happy to pay higher taxes for a fairer, more caring and gender-equal society as the coronavirus pandemic transforms people’s views about the world they want to live in, economists said on Wednesday.
In a major report to be presented to parliamentarians, regional governments and business leaders, they laid out a radical roadmap for building a “caring economy” that puts people and the planet first.
“This is an idea whose time has come,” said Mary-Ann Stephenson, director of feminist think-tank the Women’s Budget Group which published the report.
“People don’t want to return to business as usual. We’re calling for a fundamental change in the way we approach the economy. It’s about a vision for doing things differently,” she told the Thomson Reuters Foundation.
At the heart of the new economy is a recognition of society’s reliance on paid and unpaid care work
The coronavirus pandemic forced the United States into a health and economic crisis and as a result, it’s put a spotlight on racial gaps in America.
San Diegan Bernardo Ferdman is an expert on diversity and inclusion who advises other companies on how to better diversify their workforce. He said, “If we don’t do something about diversity and inclusion, we’re going to risk getting more and more polarized.”
A new study by Citigroup, found income inequality between white, black and Hispanic families has not greatly improved over the past 40 years.
The study says if those racial gaps had narrowed or closed two decades ago, it could have increased the gross national product by up to $16 trillion. It also reported that having equal access to higher education would have added over $113 billion in added income.
That equal lending for Black business owners would have