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The New World of Work
Crush. Covid-19 ripped through the global workplace starting in 2020. It spawned job losses and shattered businesses. It triggered many older workers who lost jobs or were offered early retirement severance packages to leave the workforce—often earlier than planned.
It happened fast. It was breathtakingly brutal. And no one was prepared.
Older workers who lost their jobs due to the pandemic did so at a higher rate than their younger counterparts.
For small businesses it was shattering, particularly for those with older owners. At the peak of the first wave of the pandemic in the spring of 2020, more than 20 percent of small businesses closed shop, according to the Federal Reserve Bank of New York and AARP.1 Business shutdowns ...
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