COVID-19 Hits No-Degree Workers: Guardian

Up to 52 million jobs in Europe are at risk during the pandemic for workers without a university degree, possibly leading to increased social inequality. They may face cuts to hours or pay, temporary furloughs, or permanent layoffs. Workers most at risk include those who work in close proximity to others such as retail staff, cooks and construction workers, while safer jobs consist of those who can work online along with those who provide essential health and food production and distribution services. According to the research by McKinsey, the coronavirus outbreak could widen the gap between rich and poor across Europe because short-term job risk is highly correlated with education levels. Analysts suggest rising unemployment could lead to an increase in crime rates, social unrest and mental illness. Many countries including the United Kingdom have implemented stimulus programs to offset the negative effects on economies and employment. In addition, the outbreak will force some industries around the world to adopt new practices and accelerate economic structural changes, such as remote work and online shopping. – YaleGlobal