Households with income below $40,000 were more affected by layoffs and furloughs because they are typically employed in sectors that were hit hardest by the pandemic, such as retail, hospitality, and other service industries. These sectors were more likely to lay off or furlough employees due to the decrease in demand caused by lockdowns and social distancing measures.
What will the world of business look like after the coronavirus pandemic? The pandemic will accelera...
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