There Are Two Recessions, Not One
Employees line up before the first day back at work at the Fiat Chrysler Automobiles Warren Truck Assembly Plant in Warren, Michigan, U.S., on May 18, 2020. (Photographer: Emily Elconin/Bloomberg)

There Are Two Recessions, Not One

(Bloomberg Opinion) -- Of the 21.4 million nonfarm payroll jobs that disappeared in the U.S. from mid-February to mid-April, 17.6 million, or 86%, were in the six lowest-paid (as measured by averag...
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