Waiters wearing masks in a restaurant

A cautionary look at what the new earnings data can tell us about the impact of the pandemic.

The Covid pandemic has had a huge impact on our working lives but tracking this in the available economic survey data has proven challenging. This week the Office for National Statistics (ONS) released the latest results from the Annual Survey of Hours and Earnings (ASHE) but these too have been affected by challenges around Covid 19.

Not o-K.. the shape of the recovery to come

Hope of a sharp bounce back – a ‘v-shaped’ recovery – have all but disappeared. The fear is that the recovery will be long leading to a ‘U’ or ‘bathtub’ shaped recovery.
But there is increasing evidence to suggest that an alternative ‘shaped’ recovery is on the horizon – a ‘k’ shaped recovery.