Half the world’s workforce lost income during pandemic

The loss of earnings has been particularly high in lower-income countries

Workers of oil giant Total protest against job cuts in Paris as part of a national day of strikes and protests against layoffs and government's economic and social policies amid the coronavirus in France. The slogan reads 'On strike'.
Workers of oil giant Total protest against job cuts in Paris as part of a national day of strikes and protests against layoffs and government's economic and social policies amid the coronavirus in France. The slogan reads 'On strike'. (Reuters/Benoit Tessier)

One in two people worldwide saw their earnings drop due to the coronavirus, with people in low-income countries particularly hard hit by job losses or cuts to their working hours, research showed on Monday.

US-based polling company Gallup, which surveyed 300,000 people across 117 countries, found that half of those with jobs earned less because of Covid-19 pandemic disruptions. This translated to 1.6 billion adults globally, it said.

“Worldwide, these percentages ranged from a high of 76% in Thailand to a low of 10% in Switzerland,” said researchers in a statement.

In Bolivia, Myanmar, Kenya, Uganda, Indonesia, Honduras and Ecuador, more than 70% people polled said they took home less than before global health crisis. In the US this figure dropped to 34%.

The Covid-19 crisis has hit workers across the world, particularly women, who are over-represented in low-paid precarious sectors such as retail, tourism and food services.

A study by international charity Oxfam on Thursday said the pandemic had cost women around the world $800bn in lost income.

The Gallup poll found that more than half of those surveyed said they temporarily stopped working at their job or business – translating to about 1.7 billion adults globally.

In 57 countries including India, Zimbabwe, the Philippines, Kenya, Bangladesh and El Salvador, more than 65% of respondents said they stopped working for a time.

Countries where people were least likely to say they stopped working were predominantly developed, high-income countries.

Fewer than one in 10 of those who had jobs in Austria, Switzerland and Germany said they had stopped working temporarily. In the US, the figure was 39%, research showed.

The poll also showed that one in three people surveyed lost their job or business due to the pandemic – translating into just more than one billion people globally.

These figures also varied across nations with lower income countries such as the Philippines, Kenya and Zimbabwe showing more than 60% of respondents lost their jobs or businesses, compared to 3% in Switzerland and 13% in the US.

– Reuters

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Comment icon

Related Articles