Around 57 million Americans are now estimated to be job vulnerable because of the novel coronavirus crisis, with minorities affected most severely, according to a report by McKinsey Global Institute. The staggering figure was part of a McKinsey report in April called 'COVID-19 and jobs: Monitoring
Around 57 million Americans are now estimated to be job vulnerable because of the novel coronavirus crisis, with minorities affected most severely, according to a report by McKinsey Global Institute.
Job vulnerability was described as permanent layoffs, furloughs or significant drops in hours and pay. Many businesses have been forced to close during the pandemic, resulting in more than 30 million Americans applying for unemployment in the last six weeks. She added that the disparities among certain races could be because white people are 37% more likely to have a job that can be performed remotely compared with Hispanic or black people.
Ellingrud said that as the crisis continues to affect people's livelihoods, employers need to come up with creative solutions. One example could be that retail outlets, with so many stores closed, allow employees work at another company considered essential or on the front lines.
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