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New Harvard Data (Accidentally) Reveal How Lockdowns Crushed The Working Class While Leaving Elites Unscathed by Brad Polumbo

June 26, 2021June 26, 2021 EarthNewspaper.com Comment(0)

The picture painted is one of working-class destruction. The analysis examined employment levels in January 2020, before the coronavirus spread widely and before lockdown orders and other restrictions on the economy were implemented. It compared them to employment figures from March 31, 2021. The picture painted by this comparison is one of working-class destruction. Employment for lower-wage workers, defined as earning less than $27,000 annually, declined by a whopping 23.6 percent over the time period. Employment for middle-wage workers, defined as earning from $27,000 to $60,000, declined by a modest 4.5 percent. However, employment for high-wage workers, defined as earning more than $60,000, actually increased 2.4 percent over the measured time period despite the country’s economic turmoil.
https://fee.org/articles/new-harvard-data-accidentally-reveal-how-lockdowns-crushed-the-working-class-while-leaving-elites-unscathed

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