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Apr 2, 2020

Pay cuts spread further down the ladder

Plus: the huge number of immigrants who will miss out on checks from the government, and the logistical challenge of giving small businesses emergency loans.

As pay cuts spread further down from the executive suite, they hit average workers harder. Above, cashiers wearing protective masks work in a grocery store in Brooklyn on April 2.
Stephanie Keith/Getty Images

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Segments From This Episode

Pay cuts spreading beyond executive suite
by Meghan McCarty Carino
Stephanie Keith/Getty Images
Cuts to pay can save jobs, but they can hurt morale, too.
It’s not just undocumented immigrants who could be left out of the stimulus money
by Andy Uhler
Joe Raedle/Getty Images
U.S. citizens with an undocumented spouse or child would also be denied a check.
Millions are facing unemployment without savings to fall back on
by Mitchell Hartman
Angela Weiss/AFP via Getty Images
The median U.S. household has just a couple of weeks worth of savings to tap into in a crisis.
A senior citizen working through the pandemic
by Kai Ryssdal and Maria Hollenhorst
Melissa Lyttl
“I just take one day at a time,” said Gaile Harrell, a part-time convenience store employee in Ashburn, Virgina.
Book publishing has a tight calendar, even in a pandemic
by Kai Ryssdal and Alli Fam
Keystone/Getty Images
Publishing can’t easily go on hold until the fall — which is when publishers tend to release the year’s biggest titles.