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Showing posts from August, 2021

Real value of the dollar and COVID increasing global inequality

 Living in Mexico for two years has given me a broader global perspective of the inequity between richer and poorer countries. Living here has taught me the true worth of the dollar, since my middle-class income in the US makes me upper class in Mexico and in many other socioeconomically similar countries. The real global value of the dollar is often hidden from most Americans since many don't travel abroad or follow international news. I can see the inequity between richer and poorer countries and how COVID is exacerbating the inequity, right before my eyes. Due to COVID, the economy in Mexico is currently suffering and the government is having a difficult time vaccinating their population. At the same time in the US, the pandemic is somewhat under control and many restrictions have been lifted and people have started to return to their normal lives. The story of the US is the same for many other wealthy countries that have the potential to immunize their populations rapidly. Unfo...