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More than 1 billion workers face ‘drastic’ hit from virus | Bloomberg
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More than 1 billion workers face ‘drastic’ hit from virus | Bloomberg

The coronavirus pandemic has already put millions of Americans out of work and millions more have taken pay cuts or put on reduced hours. The International Labor Organization has now announced that it expects over one billion workers worldwide to be majorly affected by the virus. Currently 2.7 workers are believed to be somewhat affected, with around 1.25 being extremely vulnerable to lay offs or extreme pay cuts. Many of these workers are in the service, hotel, and manufacturing departments, which comes to around 38% of the global work force. Governments have been working to create relief programs to combat the unemployment, but no one knows how long business closures will last for.

Source: https://www.bloomberg.com/news/articles/2020-04-07/more-than-1-billion-workers-face-drastic-hit

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