Friday, February 23, 2024
spot_img
HomeBusinessEconomyThe impact of COVID-19 on the informal economy

The impact of COVID-19 on the informal economy

GENEVA, Switzerland, (ILO News) – Almost 1.6 billion informal economy workers are significantly impacted by the COVID-19 pandemic, leading to a 60 percent decline in their earnings. For those workers, stopping work or working remotely at home is not an option. Staying home means losing their jobs and, for many, it also means losing their livelihoods.

 

spot_img
RELATED ARTICLES

1 COMMENT

  1. Prostitution and allied services like sex clubs and pimping, most of which is illegal in most places, would be adversely affected insofar as its unemployed or otherwise economically affected clients would have less money to fund their lustful urges.

    On the other hand, “idle hands are the Devil’s workshop” so sex trade workers are probably being less affected than other informal workers especially if the pandemic results in a decrease in service charges.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img
spot_img
spot_img

Caribbean News

Global News

International pathogen surveillance network launches catalytic grant fund for pathogen genomics

GENEVA, Switzerland - The World Health Organization (WHO) today announced US$ 4 million in funding from donors to create a catalytic grant fund for...