Posted: 2020-09-14 21:24:01

The K-Shaped Recovery

K-Shakped pandemic recovery will have widespread econmic effects

From Steve at Small Business Labs
Originally published 2020-09-14
There's much talk these days about a K-shaped recovery. This is a recovery where professionals and those with higher wealth and income are hurt less by the recession and recover more quickly than moderate and low-income Americans. The K-shape is driven, in part, because industries that employ high percentages of low and moderate wage jobs are not recovering as quickly as other industries.
We think the economy will get to 90%-95% of pre-pandemic levels by the end of the year, but the last %%-10% - which are big percentages in terms of the economy - will take much longer. 
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Tags:Small Business Economy
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