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K-shaped recession: Low-paid workers experience prolonged joblessness

Jan. 26. NC Budget & Tax Center. Early in the COVID-19 pandemic, economists started talking about the potential for a “K-shaped” recovery, with highly-paid workers bouncing back rapidly while many of the worst-paid workers experience long periods of unemployment. Data through the end of 2020 now show those fears to have been well-founded. One-third of […]