Downturns tend to reduce gender inequality. Not under covid-19
Women’s unemployment has risen more than men’s
HAIR SALONS tend to be recession-proof. People always need haircuts. During the financial crisis of 2007-09 the number of hairdressers in America even rose. For Sylvia, who owns a small salon in Amsterdam, that crisis was very different from today’s. “Lockdown came out of nowhere and I had no buffer.” She is heartened that regulars phoned in when she reopened. “If it had lasted any longer”, she says, fighting back tears while disinfecting the previous customer’s seat, “I would have gone under.”
This article appeared in the Finance & economics section of the print edition under the headline “This time is different”
Finance & economics June 6th 2020
- Can Hong Kong remain a global financial centre?
- America’s public-pension funding crisis worsens
- Americans saved a record chunk of their incomes in April
- ESG investors get their heads around social risks
- Is there a role for options insurance in equity portfolios?
- Downturns tend to reduce gender inequality. Not under covid-19
- Japan probes the limits of economic policy
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