Lives and Livelihoods: Assessing the Near-Term Impact of COVID-19 on US Workers

Lives and Livelihoods: Assessing the Near-Term Impact of COVID-19 on US Workers (McKinsey Global Institute, April 2020, 10p)

As of March 30, three-quarters of Americans were living under state or local stay-at-home mandates or advisories, and the economic fallout has been swift and dramatic.  “Up to one-third of US jobs may be vulnerable—and more than 80% are held by low-income workers.” There is great uncertainty about the depth and duration of this downturn, which could follow a U-shape with a prolonged trough or a V-shape with a strong upward rebound.  “The first phase of the battle to contain COVID-19 could leave 42 million to 54 million net jobs vulnerable to reductions in hours or pay, temporary furloughs, or permanent layoffs.”

Share and follow us via:

Recent Articles:

  • Introduction While fossil fuels continue to dominate energy production and consumption, the press of climate change has made it abundantly clear that the ecological costs of greenhouse gas emitting power…

  • A coalition of over 30 organizations that fight for the protection of tax justice believing that a comprehensive and transparent global tax system is needed to ensure that all countries…

  • A group of teachers, students, entrepreneurs, and researchers is where people can learn about and develop a healthy relationship with the environment. Its courses continue to push the boundaries of…