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New lockdown, same economic victims: young, low-paid workers

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November 03, 2020 at 06:17PM

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Low-paid workers are most at risk of losing their jobs or being furloughed on less than the minimum wage

As far as the labour market is concerned, lockdown 2 will be the same as lockdown 1: the main casualties will be young, low-paid workers employed by consumer-facing services.

Retailing, hospitality and leisure make up around one-sixth of the economy’s output and anybody working in one of those sectors is more at risk of losing their job, of being furloughed and of not having their government-supported wages topped up by their employers.

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