The haves and have nots impacted very differently by the COVID economy
by Mike Sunnucks | Rose Law Group Reporter
The economic impacts of COVID-19 and all the associated shutdowns and pullbacks in consumer and business spending are hitting the “haves” and the “have nots” very differently, according to veteran economist Elliott Pollack.
Pollack — who is CEO of Scottsdale-based Elliott D. Pollack & Co. — talked about how job losses are more dramatically impacting those lower on the economic ladder during a virtual economic forum hosted by the Pinal Partnership on Friday, Dec. 4.
Pollack said while many higher-wage workers kept their jobs and were able to work at home their lower-wage counterparts — especially in service sectors — felt the brunt of the 22 million job losses initially caused by the pandemic earlier this year.
“The have nots lost their jobs,” Pollack said.
Pinal Partnership Members can view a recording of the event and access Elliott Pollack’s slides. Contact Melissa Johnson for more information or check out our membership opportunities, including a 6 Month Limited Membership for $50.
