For Many, Getting By Was Difficult Before Coronavirus

In less than two decades, the share of income paid out in wages and benefits in the private sector shrank by 5.4 percentage points, a McKinsey Global Institute study found last year, reducing compensation on average by $3,000 a year, adjusted for inflation.

The result is that a job — once the guarantor of income security — no longer reliably plays that role.

“For many working families, wage growth has not been strong enough to allow them to meet their basic needs on their own,” the Federal Reserve Bank of Boston concluded in a report last year.

“Straggling In A Good Economy, And Now Struggling In A Crisis”
Patricia Cohen
 https://www.nytimes.com/2020/04/16/business/economy/coronavirus-economy.html?action=click&module=Top%20Stories&pgtype=Homepage.