The rich cut their spending. That has hurt all the workers who count on it.

Economists at the Harvard-based research group Opportunity Insights estimate that the highest-earning quarter of Americans has been responsible for about half the decline in consumption during this recession. And that has wreaked havoc on the lower-wage service workers on the other end of many of their transactions, the researchers say. https://www.nytimes.com/2020/06/17/upshot/coronavirus-spending-rich-poor.html