The Covid-19 economy is dealing radically different fates to Americans. Low-wage, service-sector workers face prolonged pain, while many white-collar employees in tech and finance have already bounced back.
A two-track recovery is emerging from the country’s pandemic-driven economic contraction. Some workers, companies and regions show signs of coming out fine or even stronger. The rest are mired in a deep decline with an uncertain path ahead.
Just months ago, economists were predicting a V-shaped recovery—a rapid rebound from a steep fall—or a U-shaped path—a prolonged downturn before healing began.
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