The Rich Cut Their Spending. That Has Hurt All the Workers Who Count on It.
The steepest declines in spending during the coronavirus recession have come from the highest-income places.
The New York Times,
2020
Recommendation
Historically, the service industry provided work to the unemployed in other sectors during US economic crises. But things are different in the 2020 coronavirus recession. COVID-19 has hit the services sector the hardest. This brief overview by journalists Emily Badger and Alicia Parlapiano highlights that government aid has propped up low-wage workers’ income. But their future is precarious without a return to pre-COVID-19 spending patterns, especially those of the rich.
Summary
About the Authors
Emily Badger covers urban policy at The New York Times, where Alicia Parlapiano reports on politics and policy.
Comment on this summary