Tag Archives: Hutchins Institute

Half of Pandemic Layoffs Will Result in Permanent Job Loss

The authors say that even if the crisis is resolved quickly, many pandemic-induced shifts in consumer demand and business will linger. Therefore, they conclude that the reallocation of labor is likely to persist and estimate that 42% of recent pandemic-induced layoffs will result in permanent job loss. Continue reading

Posted in economy, labor issues, people | Tagged , , , , , , | Leave a comment