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COVID-19 a “middle-class disaster” – MacroBusiness

Middle-class professionals in inner-city suburbs have been hit hardest by the COVID-19 downturn, according to consulting firm Taylor Fry. This is because income support like JobSeeker and JobKeeper don’t make up for losses of employment income: “You’ve seen i…

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Middle-class professionals in inner-city suburbs have been hit hardest by the COVID-19 downturn, according to consulting firm Taylor Fry. This is because income support like JobSeeker and JobKeeper don’t make up for losses of employment income:“You’ve seen in the last few weeks, thousands of jobs lost in accounting, legal and professional services firms,”

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