Bloomberg New Economy: The Rich Stay Home While the Poor Get Poorer
People wait in an unemployment line on June 19 in Frankfort, Kentucky.
Photographer: John Sommers II/Getty Images North AmericaPampering the affluent is big business. Whether they’re in the office or on the road, the well-off demand to be fed and lodged, kept secure in clean surroundings, groomed, entertained and otherwise fussed over.
That’s why Covid-19 lockdowns have had such a devastating impact on workers in the industrialized world. In the U.S., one in four workers provide these kinds of personal services.