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Working Or Workless Poor: The Effect Of Pandemics

Author

Listed:
  • Iglika Slavcheva

    (University of Economics – Varna, Bulgaria)

Abstract

Emerging at the end of 2019, COVID-19 rapidly spread among the whole planet, challenging both health care systems and the economy. Most activities were halted due to the outbreak. Consequences are yet to be estimated, though most analysts predict a global economic crisis. Historically, the working poor is among the most vulnerable social groups. With most businesses cutting-off wages and employment, less qualified and poorly educated people face higher risks of unemployment. Moreover, this group relies mainly on monthly income and has small or no savings. Hard times could provoke wrong decisions and such people are often forced into the whirlwind of the shadow economy. The paper highlights the possible outcome for the working poor and suggests policies for reducing the negative impact of the global recession.

Suggested Citation

  • Iglika Slavcheva, 2020. "Working Or Workless Poor: The Effect Of Pandemics," Economic Science, education and the real economy: Development and interactions in the digital age, Publishing house Science and Economics Varna, issue 1, pages 129-137.
    • Handle: RePEc:vrn:cfdide:y:2020:i:1:p:129-137
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    File URL: https://ue-varna.bg/~uevarna/uploads/filemanager/303/publishing-complex/2020/Economic_science_education_real_economy_T4_2020.pdf
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    More about this item

    Keywords

    working poor; COVID-19; pandemics; poverty;
    All these keywords.

    JEL classification:

    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

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