Low-wage workers suffering due to rich people spending less - Business Insider

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A study finds rich people have stopped taking Ubers and hiring nannies during the pandemic, causing the biggest hit to employment

which analyzed spending data from payroll firms and credit card processors, by Michael Stepner, Raj Chetty, Nathaniel Hendren, and John Friedman.

Because rich people have been slower to bring spending back to pre-pandemic levels, employment has dropped for jobs that cater to wealthy individuals.

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