Answer Happy

Self-employed workers were disproportionately affected by the lockdown. The economists found that they experienced a 22.4% reduction of employment probability. More than 86% of self-employed workers work in the informal sector. Job recovery since the first wave of the pandemic has been slow. According to the latest statistics, the unemployment rate reached 32.5% in the last months of 2020, the highest since the labour force survey began in 2008. There were still almost 1.4-million fewer people employed in the last quarter of 2020 than in the same period in 2019. Source: Smit, S. (2021). Covid kills a decade of employment growth in SA. https://mg.co.za/business/2021-05- 08-covid-kills-a-decade-of-employment-growth-in-sal Answer ALL the questions in this section. Question 1 (30 Marks) Covid - 19 has placed every generations' jobs at risk however, the elderly has less chance of changing their career and much less chance of being able to make a big leap in the job world, at this stage. Considering that the older generations have a greater chance of job loss, critically discuss the effects that they could experience as a result of losing their job.