Economics
U.K.’s Lowest-Paid Struggle Most to Find New Work in Crisis
- Findings show risk of longer-term economic damage from virus
- Government will set out future support plans on March 3
This article is for subscribers only.
Lower-paid workers who have lost their jobs in the pandemic are finding it disproportionally hard to find new ones, underscoring the risks of long-term economic scarring as a result of the crisis.
Research by the Joseph Rowntree Foundation, shared exclusively with Bloomberg, showed workers near the poverty line are more likely to have become unemployed during the crisis, while U.K. job vacancies are skewed toward higher-paid jobs.