The United States has begun removing restrictions on business. However, another 2.4 million Americans applied for unemployment benefits last week. Thus, the total number of unemployed reached 38.6 million people in nine weeks. And although the Ministry of Labor says most of those laid off expect their unemployment to be temporary, there is growing fear among economists that many jobs in the United States will be a thing of the past.
According to Nicholas Bloom, an economist at Stanford University, 42 percent of recent layoffs will lead to permanent job losses. If the rules of social distancing become commonplace, leading to a drop in visitors to restaurants, theater shops and airplanes, it will also affect the labor market, which will need fewer workers, according to the New York Times.
Large companies now expect more of their workers to continue working remotely and say they plan to reduce their footprint in real estate, which in turn will reduce traffic to people who supply nearby restaurants, shops, beauty salons and other businesses. Investor.bg.
New jobs are being created, mostly with low pay – as drivers, suppliers and cleaners. At the same time, other jobs will disappear.
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