Jobs for low-wage workers still down by 22%
A report published by Opportunity Insights, a research initiative at Harvard University indicated that employment rates for low wage workers were down by 22% as of July 23rd relative to 2020. While employment rates for high-wage workers have shot up even past pre-covid rates, for workers who earn less than $27,000 a year, the rates have flatlined.
The data highlights the quick recovery and growth for the higher-earning groups but point out the struggle they lower-income groups face. According to John Friedman, co-director of Opportunity Insights the shock of the covid-19 pandemic caused mass unemployment in the country but the wealthy have managed to largely regain them by the summer of 2020. On the other hand, low-wage workers lost 40% of their jobs by April 2020.
Source: CNBC.
Category
Employment Branding
Ethical Practice
Mental Health Benefits
Severance Pay
Hiring & Firing
Workers' Compensation
Employee Surveys
Disaster Preparation & Response
Benefits Compliance
Employee Engagement
Health Care Benefits
Paid Leave
Gender Identity
Workforce Planning
Teamwork
Cybersecurity
Campus Placement
Leadership Development
Investigations
Career Development
Opening & Closing
Employment Contracts
Inclusion, Equity &
Downsizing
Eligibility Verification (I-9)
Recruiting
Succession Planning
Employee Conduct
Substance Abuse
Flexible Spending Account
Raise
Promotion
Retirement & Recognitions
Relationship Management
Payroll
Disability Accomodations
Risk Management
Artificial Intelligence
Discrimination
Communicable Diseases
Workplance Violence
Compensation & Benefits
Hiring
Background Checks
Retaliation
Retirement Benefits
Drug & Alcohol Testing
Closing
HR Software
Mentoring & Coaching
Tags
Article
Financial steps to consider before quitting your job
Americans live paycheck to paycheck, making it difficult to leave their current employer. All thing ...
What Why and How of Background Checks A Useful Guide for Staffing Agencies
Background checks are one of the pre-employment requisites to prevent bad hires. About 96% of emplo ...
Is It Time For Recruiters To Think Like Marketers?
About 46% of recruiters acknowledge this by seeing recruitment more as marketing than an expansion ...
The Future of Gig Employment
There’s no denying that the gig economy has seen much growth since the last recession. With the spr ...
Comments