re: Compilation of secondary effects from the shut down

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I’m curious about the 4/5 workers still working having some changes.

I assume alot of places are not giving out bonuses this year

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"Huge losses are expected across different income groups but especially in upper-middle income countries," the agency says, estimating a 7% decline in working hours for that group in the current economic quarter — a statistic that is equivalent to 100 million full-time workers in 40-hour workweeks.

"This far exceeds the effects of the 2008-9 financial crisis," the ILO report states.

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For the world's economy, the crisis poses the most risk to vital sectors from food service and business/administrative services to manufacturing and retail, the U.N. agency says.

Combined, those sectors employ 1.25 billion workers — almost 38% of the global workforce. Many of them are low-paid and unprepared for a sudden loss of income.

Worldwide, the number of working hours will fall by 6.7% in the current quarter, according to the agency's estimates. That's equivalent to 230 million people working full-time, 40-hour weeks.

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The pandemic is dealing a harsh blow to workers in the informal economy — a broad sector that includes jobs such as domestic workers and street vendors, and who often lack any social protections. Those jobs make up large portions of the economies in emerging and developing economies such as in India, Nigeria and Brazil.

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