Thursday, April 15, 2021

Self-employed workers were hardest hit by pandemic in 2020

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A economic crisis generated by the pandemic new coronavirus harmed workers more on their own, reveals research released today (8) by the Institute for Applied Economic Research (Ipea). According to the survey, this category had the biggest drop in income in 2020.ebc Self-employed workers were hardest hit by pandemic in 2020ebc Self-employed workers were hardest hit by pandemic in 2020

The worst moment for self-employed workers occurred in the second quarter of 2020, when the category received 24% less than the usual income. In the fourth quarter of last year, the indicator recovered slightly, but remained below levels prior to the pandemic, with a 10% decline.

Private and unpaid workers received 13% less than their usual income in the second quarter and 4% less in the last quarter of last year. Private workers with a formal contract had no loss in the second and third quarters of 2020 and ended the last quarter of last year earning 5% above the usual income. In the public service, workers received 1% more than usual income in the second quarter, 3% in the third quarter and 5% more in the last quarter of last year.

Conducted based on data from the National Continuous Household Sample Survey (Continuous Pnad), the survey compared the average effective income with the usual average income. While the average effective income fell because of the increase in unemployment and the hiring with lower wages, the usual average income went up because the loss of occupations was concentrated in the most poorly paid areas.

According to Ipea, the increase in the usual income for private workers with a formal contract and the public service is due to the fact that the elimination of jobs mainly affected the construction, commerce and accommodation and food sectors, in addition to employees without a formal contract and mainly self-employed workers. Thus, those who remained employed were the relatively higher income workers, who pull the usual average income upwards.

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