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Friday, November 15, 2024

Almost 18% of Michigan workers have seen salaries decreased by COVID-19 pandemic

Smallbiz

Some businesses have had to close temporarily due to the pandemic and have seen their profits falling as a result. | Unsplash

Some businesses have had to close temporarily due to the pandemic and have seen their profits falling as a result. | Unsplash

Of those negatively affected by the COVID-19 pandemic in Michigan, workers have withstood the brunt of the damage, with 17.8% of them experiencing salary reductions, according to reporting by Michigan Capitol Confidential.

Michigan workers have been disproportionately impacted by the effects of the pandemic. Almost 18% of Michigan's workers are employed at companies that have reduced salaries, giving the state the fifth-highest percentage 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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