Coronavirus layoffs hurting low-income workers the most, study finds — “Great Depression Numbers”
From FOX Business News:
The higher layoff rate among hourly employees was likely driven by the impact of the virus on service industries like restaurants, bars and hotels. The vast majority of workers in food, beverage, accommodations and salon and spa industries are paid hourly (about 80 percent). More than 75 percent of those employees are paid less than $15 per hour.
The tidal wave of job losses was also more heavily concentrated in low-income areas. Employees who worked in businesses located in lower-income areas were 25 percent more likely to have been laid off, the study found.