Lockdowns a disaster for low income workers
Survey Finds Lockdowns Are Only Making The Ruling Class Richer While Brutalizing The Poor And Middle Class
The remote work economy is functioning perfectly well for people who have already established robust income streams. For those still struggling to obtain the American dream, not so much.
Americans who were already earning six-figure salaries have reported an increase in income for 2020, while those making between $50,000 and $100,000 reported a drop in income. Tragically, respondents earning less than $50,000 have been absolutely hammered by destructive pandemic policies, reporting by far the largest income drop among their peers.
The survey also shows that the less fortunate faced a variety of health consequences in 2020, registering a decline in both physical and mental health, in addition to a declining job security and overall personal life satisfaction.
Meanwhile, the world’s billionaires have been swimming in cash. Several of the world’s richest men saw their net worth increase multiple times over in 2020. The COVID-19 policy response has created a windfall for these titans of American and global industries.
The lockdowns have taken a heavy toll on small businesses while accelerating the income of Amazon and other rich people. They were a huge mistake and concentrated in blue states.