Data from the Dutch Bureau of Economic Policy Analysis (CPB) showed that the wages of 130,000 people in the Netherlands fell as a result of the COVID-19 pandemic in 2020.
More than 100,000 workers have reduced their income by at least 10 percent
The CPB notes that every year people in the Netherlands suffer from stagnation or falling wages, but emphasize the fact that in 2020 the number of workers faced with “lagging labor income growth” was 175,000 higher than usual.
In addition, while most incomes remained stable or increased slightly in 2020, about 130.00 people working in the Netherlands between 2019 and 2020 as a result of the pandemic and the so-called coronavirus crisis fell by at least 10 percent.
Flex workers and the self-employed in the hospitality sector suffered the most
Not surprisingly, the CPB found that flexible workers and the self-employed suffered the greatest losses, and the agency notes that these groups were not only “more at risk of losing income,” but they also had fewer financial buffers to absorb the consequences. “Entrepreneurs and hospitality workers have suffered the most.
“The biggest blow came in the first half of 2020, the rapid recovery in the second half of this year prevented the worst,” – explains the PBC, noting that many workers who lost their jobs at the beginning of the pandemic, found (others) to work until the end year.
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