mntore.blogg.se - Long road to recovery meaning

“ Average Hourly Earnings of All Employees, Education and Health Services.” “ Average Hourly Earnings of All Employees, Leisure and Hospitality.”įederal Reserve Bank of St. “ Average Hourly Earnings of All Employees, Total Private.”įederal Reserve Bank of St. “ Economic Tracker."įederal Reserve Bank of St. “ Coronavirus: What Shape Will the Recession Be?” “ The K-Shaped Recovery: Examining the Diverging Fortunes of Workers in the Recovery From the COVID-19 Pandemic Using Business and Household Survey Microdata,” Pages 1-5, 17, and 24-26.īBC News. For instance, a V-shaped recovery is one where a sharp rise follows a steep decline. Several different shapes of recovery can follow a recession.

The loss of employment was larger, and the road to employment and recovery was longer than establishments with higher wages. Lower-wage establishments and workers suffered the brunt of the Covid-19-induced recession.As seen in previous recessions, persistent unemployment may result in a K-shaped recovery, especially for people in low-income quintiles.

A K-shaped recovery is affecting the nature of work-as innovation and tech adoption accelerate, more people are being managed by automation and algorithms.

Long-term implications of a K-shaped recovery include long-term unemployment among people in the lowest income quintile, wealth inequality, a continuing and worsening racial wealth gap, and growing corporate monopolies.

The COVID-19 K-shaped recovery is defined by certain sectors recovering quickly while others continue to lag.