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
Employee Surveys
Talent Acquisition
Disaster Preparation & Response
Job Descriptions
Opening
Learning & Development
Work Life Integration
Pay Equity
Benefits Reporting & Disclosure
Inclusion, Equity &
Downsizing
Parental Leave
Family & Medical Leave
Raise
Overtime Pay
Paid Leave
Social Media
Labor Relations
Benefits
Relationship Management
Job Applications &
Wellness Benefits
Communicable Diseases
Intellectual Property
Privacy
Retirement Benefits
Educational Assistance
Cybersecurity
Succession Planning
Analytical Aptitude
Business Acumen
Opening & Closing
Leadership Development
Performance Management
Employee Resource Groups
Onboarding
Payroll
Promotion
Electronic Records Management
Mental Wellness
Change Management
Employee Conduct
Employment Branding
Mentoring & Coaching
Workplace Harassment
Employment Contracts
Organizational Structure
Leadership &
Leave Management
Ethnicity
Tags
Article
Hiring Secrets of The Most Successful Companies
A successful company not only has growing revenues, but it also boasts of a brilliant workforce. Ma ...
Tips for Staffing Agencies to Create a Competitive Advantage
Today, it is a $174 Billion industry and one of the leading B2B businesses in the US. Whenever HR p ...
Know the Work Habits of Highly Effective Employees
The employees are the most valuable assets of any organization. It’s their credibility, efficiency, ...
This Thanksgiving - Give Thanks To All These People
This Thanksgiving is going to be different, no doubt! But it need not be different in a negative se ...
Comments