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Old 03-25-2020, 04:43 AM
Wrenching Spanners is offline
Join Date: Jun 2011
Location: London
Posts: 813

How much of the job market is made up of essential workers?

How much of the job market is made up of essential workers?

The UK has gone into lockdown, and people are being asked to work from home and not travel to work unless they are an essential worker. However, I havenít seen any numbers on how many workers are considered essential, versus how many are considered non-essential. Iím curious if anyone has seen any estimates from any country on these numbers.

Also, long-term, how many workers as a percentage of the population are needed to maintain an economy? Itís easy to single out industries and say that society can function without a particular industry. Nobody needs to go to the cinema, and while the cinema industry provides a nice service, itís not like eliminating it permanently would have a catastrophic economic effect. However, there are hundreds of industries about which the same thing could be said. Is the economy analogous to skin, where a small burn wonít kill a person, but if a high percentage of skin is burnt, it overwhelms the bodyís ability to heal and is ultimately fatal? Any idea what the critical percentage of jobs needed to keep an economy alive is?


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