February 09, 2021

High-wage workers are getting all the jobs
Low-wage workers have borne the brunt of Job losses in the United States during the Coronavirus pandemic, research conducted by economists at the New York Federal Reserve shows. The worst stretch came when the virus first took hold in the U.S. in March and April. At that stage only high-wage workers (in the study this refers to anyone making more than $85,000 annually) saw their job rates remain steady, while the lowest wage-earning group (individuals making less than $30,000 annually) experienced the most significant decline, at more than 33 percent. The two middle-wage groups — those earning between $30,000 and $50,000 and $50,000 and $85,000 — declined at 18 percent and nine percent, respectively. The economic situation improved throughout the summer, and subsequently the employment gap between wage groups narrowed "considerably," but things took a turn for the worse again in the fall. Now, while high-wage earners are actually employed at rates slightly above pre-pandemic levels, low-wage worker employment remains 14 percent below and trending downward.
The New York Fed suggests, as one might imagine, these trends are related to the fact that many industries that have been hit the hardest — hospitality and retail, for instance — employ a higher amount low-wage workers, while high-wage workers often have more flexibility in their jobs and can work remotely. Read more about the research findings here.

Related Stories
Latest News
Top news around the world
Coronavirus Disease

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus.

Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness.

Around the World

Celebrity News

> Latest News in Media

Watch It
Nikki Grahame Dies at 38 After Lifelong Battle With Anorexia | E! News
April 10, 2021
eDs7d_aSZew
Meghan Markle Will Not Attend Prince Phillip's Funeral | E! News
April 10, 2021
FZTjOhujjaI
Necessary Realness: "Bridgerton" Bombshells | E! News
April 09, 2021
mn6nJY-46Cg
Botched Botox Patient Says She'll Get Injected Again | TMZ
April 10, 2021
qa3T3Y8R5CA
DMX Dead At 50 After Suffering Overdose | TMZ Through The Years
April 09, 2021
TIT58RbruhE
Kendall, Kylie, Bieber, Drake & More Pack Celeb Hotspot The Nice Guy | TMZ
April 09, 2021
ljb3RLtrp4I
How 'The Mole Agent' Director Maite Alberdi Captured an Oscar-Nominated Documentary Film Noir
April 05, 2021
Ur2j2GWDEq8
'9-1-1: Lone Star' Actor Ronen Rubinstein Comes Out as Bisexual
April 07, 2021
1uFouo_K0gA
Behind Lin-Manuel Miranda & Jon M. Chu's Bi-Coastal 'In the Heights' Variety Cover Shoot
April 08, 2021
oe_PMKFoMTw
Prince Philip’s most infamous gaffes: ‘I can’t believe he just said that’ | Page Six Celebrity News
April 09, 2021
H7dJ6Hj0IJo
Why Prince Philip was never called a king | Page Six Celebrity News
April 09, 2021
8gIB5BjeP4U
DMX, NY hip-hop icon, dead at 50 | Page Six Celebrity News
April 09, 2021
SgChPhUSDuE
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
19
Nov
ASIAN CHAMPIONS LEAGUE: Group H
Sydney FC - Shanghai SIPG
17
Nov
UEFA NATIONS LEAGUE A: Group Stage
Spain - Germany
14
Nov
UEFA NATIONS LEAGUE A: Group Stage
Germany - Ukraine
08
Nov
ENGLAND: Premier League
Manchester City - Liverpool
08
Nov
ENGLAND: Premier League
Arsenal - Aston Villa
08
Nov
SPAIN: La Liga
Valencia - Real Madrid
08
Nov
ITALY: Serie A
AC Milan - Verona
08
Nov
ENGLAND: Premier League
West Bromwich Albion - Tottenham Hotspur
08
Nov
ITALY: Serie A
Bologna - Napoli
08
Nov
ITALY: Serie A
Genoa - Roma
08
Nov
ITALY: Serie A
Atalanta - Inter Milan
08
Nov
ITALY: Serie A
Lazio - Juventus
08
Nov
GERMANY: Bundesliga
Bayer Leverkusen - Borussia Monchengladbach
08
Nov
ENGLAND: Premier League
Leicester City - Wolves
08
Nov
GERMANY: Bundesliga
Wolfsburg - Hoffenheim
08
Nov
SPAIN: La Liga
Real Valladolid - Athletic Bilbao
08
Nov
SPAIN: La Liga
Levante - Alaves
08
Nov
SPAIN: La Liga
Real Sociedad - Granada CF
08
Nov
ITALY: Serie A
Torino - Crotone
08
Nov
SPAIN: La Liga
Getafe - Villarreal
07
Nov
GERMANY: Bundesliga
Borussia Dortmund - Bayern Munich
07
Nov
ENGLAND: Premier League
Everton - Manchester United
07
Nov
ENGLAND: Premier League
Chelsea - Sheffield United
07
Nov
SPAIN: La Liga
Atletico Madrid - Cadiz
07
Nov
SPAIN: La Liga
Barcelona - Real Betis
07
Nov
GERMANY: Bundesliga
Augsburg - Hertha Berlin
07
Nov
GERMANY: Bundesliga
Stuttgart - Eintracht Frankfurt
07
Nov
GERMANY: Bundesliga
RB Leipzig - SC Freiburg
07
Nov
ENGLAND: Championship
Rotherham - Preston NE
07
Nov
ITALY: Serie A
Parma - Fiorentina
07
Nov
ENGLAND: Championship
Watford - Coventry
07
Nov
ENGLAND: Championship
Norwich City - Swansea City
07
Nov
ENGLAND: Championship
Blackburn - QPR
07
Nov
ENGLAND: Championship
Derby County - Barnsley
07
Nov
ENGLAND: Championship
Huddersfield - Luton
07
Nov
ENGLAND: Championship
Nottingham Forest - Wycombe Wanderers
07
Nov
ENGLAND: Premier League
West Ham United - Fulham
07
Nov
ENGLAND: Championship
Sheffield Wednesday - Millwall
07
Nov
ENGLAND: Championship
Brentford - Middlesbrough
07
Nov
ENGLAND: Championship
Birmingham - Bournemouth
07
Nov
SPAIN: La Liga
Sevilla - Osasuna
07
Nov
ITALY: Serie A
Benevento - Spezia
07
Nov
ENGLAND: Premier League
Crystal Palace - Leeds
04
Nov
CHAMPIONS LEAGUE: Group stage, Group G
Ferencvaros - Juventus
04
Nov
CHAMPIONS LEAGUE: Group stage, Group G
Barcelona - Dynamo K.
03
Nov
CHAMPIONS LEAGUE: Group stage, Group A
Salzburg - Bayern Munich
03
Nov
CHAMPIONS LEAGUE: Group stage, Group D
Atalanta - Liverpool
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
zWJ3MxW_HWA L1eLanNeZKg i1XRgbyUtOo -g9Qziqbif8 0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k
Copyright © 2020 Feedimo. All Rights Reserved.