The Economic Times
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| 06 May, 2021, 08:45 AM IST | E-Paper
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    Over half of formal employees became temps in 2020, shows study

    Synopsis

    The poorest 20% lost nearly all their income due to unemployment during the lockdown, while the top 20% lost a little less than a quarter.

    Amid more curbs and local lockdowns to contain the spread of Covid-19, a new report shows that more than half of permanent salaried workers — or formal workers — moved to informal work by the end of last year. The State of Working India Report 2021 released by researchers at Azim Premji University’s Centre for Sustainable Employment found that as much as 34% of formal workers had moved to self-employment, while 8.5% had shifted to temporarily
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