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Implications of the pandemic on wages

Implications of the pandemic on wages

Experts predict that the COVID-19 pandemic is going to have a disastrous impact on wages, irrespective of the economy reopening. This will be owed to the downward shift in the US GDP, which will have a cascading effect on wages. BLS had predicted 8.4 million new jobs would be added between 2018 and 2028, out of these, 4.6 million are low-paid, personal service jobs in retail, security, sanitation and healthcare. This group will be affected the most. Read the whole article to get a better understanding. 

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