As the surge in inflation prompts fears of a downturn, economist William Lee has warned that entry-level and young professionals are most at risk.
Stock photo of Wall Street. The rising cost of living has sparked fears of a recession."And the blue-collar recession will not be in the same places that we saw in the past.
"The Joe Six-Pack, who used to be the first guy to be laid off, can be less concerned if he has one of these jobs that are in high demand, like the Amazon warehouse worker, delivery guy, the guy who's working in the ghost kitchen." Lee argued that young professionals who had recently joined the workforce were likely to be particularly at risk.
"The entry-level white-collar guy is going to have to watch out. That's going to be the surprise in this downturn," he said, adding that some lower-skilled white-collar jobs were vulnerable to replacement by apps or automation.
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