So here is what we are looking now in terms of employment for different groups. The people who could least afford it got it the worst.
This of course doesn't cover education. I am sure data will show that the lower classes suffered the most from school closures as well.
"The data are damning. They offer yet another reminder that government lockdowns hurt most those who could least afford it.
Some critics argue that the pandemic, not government lockdowns, are the true source of this economic duress. While there’s no doubt the virus itself played some role, government lockdowns were undoubtedly the single biggest factor. It’s pretty intuitive that ordering people not to patronize businesses and criminalizing peoples’ livelihoods would hurt the economy."
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"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."
The new Harvard data are damning. They offer yet another reminder that government lockdowns hurt most those who could least afford it.
fee.org