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These California Workers Will Be Left Behind Even When Jobs Recover from COVID
By Mark Kreidler
On 2/12/21 at 6:37 PM EST
This story is co-published with Capital & Main
The early stages of the COVID-19 crisis in America wiped out so many jobs so quickly that it could be difficult to focus on a single area of the damage. More than 20 million workers lost their positions between February and April of 2020 alone, a 15 percent decline.
But from the start, experts in economic inequities had a feeling about where this might go even when recovery began. And new research by the Federal Reserve Bank of New York bears out that concern: A year later, low-income workers remain on the outside of the job recovery picture looking in.