Coronavirus recession will hit low-wage workers hardest
By Reid Wilson - 03/31/20 03:12 PM EDT
A global recession caused by the spreading coronavirus is likely to hammer the lowest-paid workers and the most economically-disadvantaged communities, segments of the workforce that had only just begun benefitting from an uneven economic recovery.
The workers and places most likely to suffer in the near term are those who left behind during the decade-long recovery from the last recession, and who had only recently begun to make real wage gains.
Governors and local officials around the country have ordered restaurants, gyms, salons and other non-essential businesses to close to stem the spread of the virus that already has infected more than 163,000 Americans.
More than three million Americans filed initial claims for unemployment benefits last week, and millions more are likely to this week, while economic analysts suggest the unemployment rate could increase five-fold or more.
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https://thehill.com/homenews/state-watch/490429-coronavirus-recession-will-hit-low-wage-workers-hardest
