Bloomberg Law
April 22, 2020, 9:00 AM

‘Scary Time’ for American Middle Class as Office Jobs Disappear

Reade Pickert
Reade Pickert
Bloomberg News

The new year arrived with a new job for Tyler Simon, who had high hopes for 2020. They didn’t last long.

Tyler Simon
Source: Tyler Simon

“Once Covid-19 hit, things went from bad to worse really quick,” said Simon, a father of two in Summerfield, North Carolina.

A marketing specialist with a sales-training company, Simon lost his job along with several colleagues on April 7 -– less than two weeks into a state-wide lockdown to counter the pandemic. He says many who survived the firm’s layoffs saw their pay cut by 10%.

That’s happening all over the country.

A tsunami of job losses, which ...

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