Chart of the day

Posted: 3 April 2020 in Uncategorized
Tags: , , , , ,

contagion

source

Evidence thus far suggests that low-wage workers, most of whom can’t perform their labor remotely, are more likely to either lose their jobs (because of shutdowns, especially in leisure and hospitality) or be forced to continue to work in close proximity to others (either coworkers or customers), and therefore are more likely to contract coronavirus.

Moreover, if and when the economy recovers, employers are likely to adopt labor-saving technologies and other forms of automation in sectors outside the work-from-home economy. What that means is that many of the low-wage jobs lost in this downturn will never come back.

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