One term for this is (apparently) “The Matthew Effect of accumulated advantage”
Anyway, the coronavirus pandemic, and really any mess that comes along — hurricanes, depressions, etc — all give an out-sized advantage to
the folks and companies that are are already doing very well and have “cash on hand” allowing them to buy stuff — real estate, other companies — being sold for bargain prices from the (usually smaller) companies that are struggling.
Expanding chains see opportunity in post-pandemic real estate
“In April, Chipotle reported that it had no debt and $900 million in cash on hand, setting it up to acquire real estate made available by recently shuttered restaurants and retail establishments.”
Why Markets Don’t Seem to Care If the Economy Stinks
Real-Estate Investors Eye Potential Bonanza in Distressed Sales
When Wall Street Is Your Landlord
With help from the federal government, institutional investors became major players in the rental market. They promised to return profits to their investors and convenience to their tenants. Investors are happy. Tenants are not.
“Economists estimate that the country’s high levels of industry concentration account for something like 30 percent of the past 50 years of wage stagnation.”
What do essential workers get paid in other countries? (adjusted for PPP, but probably not accounting for benefits like paid time off and health insurance, which would make the US numbers even lower — since many workers have none of this)
Other covid-19 economy news:
Economists estimate that more than 40% of layoffs will likely be permanent.