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Saturday, November 23, 2024

Michigan businesses are fifth-most impacted by COVID-19 pandemic in the nation

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Almost 18% of Michigan's workers have seen their salaries reduced since the start of the COVID-19 pandemic. | Unsplash

Almost 18% of Michigan's workers have seen their salaries reduced since the start of the COVID-19 pandemic. | Unsplash

Of those financially affected by the COVID-19 pandemic in Michigan, workers have endured the brunt of the damage, with 17.8% of salaries being reduced, according to Michigan Capitol Confidential.

Michigan workers have been disproportionately impacted by the effects of the pandemic. Those employed at companies who've reduced salaries caused the state to rank fifth-hardest hit in the nation.

States that saw higher percentages of workers' salaries decreased include Hawaii, Nevada, Georgia and Washington, D.C. Idaho has the least-affected workers, with only 6.7% of salaries being reduced due to the coronavirus pandemic. 

The percentages came from a U.S. Bureau of Labor Statistics survey, which "developed new data on how U.S. businesses changed their operations and employment since the onset of the coronavirus pandemic through September 2020. This information, in combination with data collected by other current BLS surveys, will aid in understanding how businesses responded during the pandemic. Other BLS statistics collected and published during the pandemic provide indications of changes in employment, wages, job openings and terminations, employer-provided benefits, and safety and health."

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