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The COVID-19 pandemic has impacted businesses and industries around the country as unemployment rates are at historic highs and many are wondering how and when our economy will recover."One of the biggest impacts is going to be on workers' wages. They’re not going to recover for years. So we’re going to see zero wage increases probably for several years moving forward more than the Great Recession (of 2008 and 2009) because this hit was more than the Great Recession," says Jack Strauss, the Chair of Applied Economics at the University of Denver.Strauss predicts wages will likely stay stagnant in almost all industries. In some cases, some people will see their wages go down."This is the first time many are being cut. University of Arizona, University of Denver, where I’m from, and other universities, we have had wage cuts of 5-10%. Didn’t happen in 2008; we were frozen. But this is the first time 5-10%" says Strauss.In California, the Fresno Regional Workforce Development Board works to help businesses find qualified workers and the unemployed find their next job. Executive Director Blake Konczal says he doesn't expect people to start to really look for another job until unemployment benefits run dry. But once they do, there will be a mad dash for any available jobs."When you’re looking for work, when unemployment is that rampant, the question regrettably isn’t, ‘Why aren’t I getting a higher wage?’ People want a wage," says Konczal.The good news, though, is that economists don't expect the cost of living to increase much.“Because wages have been low, demand has been low, so the cost of living has only gone up gradually," says Strauss.But with high unemployment and few wage increases, people will likely be spending less."That negative effect will be moving forward in a lot of industries relying on discretionary items because you're still going to buy food, because that’s a necessity, but you’re not going to go on a vacation, you’re not going to buy a new car," says Strauss.Konczal is worried about how this economic downturn will affect small businesses…“And the people who worked for them,” Konczal said. “In nine out of 10 times those types of businesses are the strength of our economy, sets us apart. But in this particular quixotic COVID environment, they’re the ones who are really getting hammered."Even before the pandemic, experts say there was still a high demand for qualified employees. And just like the Great Recession, our new economic reality could have some people heading back to school in order to land a job or higher wage. 2585

The devastation left by Hurricane Michael in several states is still coming into focus, with coastal Florida cities destroyed beyond recognition, and homes, businesses and agriculture torn or swamped from Georgia to Virginia.More than 1 million customers were left without electricity, and emergency officials have no access to many towns. The US death toll has risen to at least 17 -- including five in Virginia and eight in Florida -- and it's expected to climb."I expect the fatality count to rise today and tomorrow as we get through the debris," Federal Emergency Management Agency Administrator Brock Long said Friday morning.Michael, which smacked Florida's Panhandle as one of the most powerful hurricanes to hit the United States, left Virginia's coast as a post-tropical low early Friday -- and its trail of destruction will take weeks to take into account.Aerial footage shows coastal cities in the Panhandle, like Mexico Beach, wiped out. Search teams used dogs as they combed the area for people killed or trapped in debris.One death was reported in Mexico Beach -- that of an elderly man found alone, Mayor Al Cathey said.City manager Tanya Castro said Mexico Beach won't be up and running for 12-18 months and advised people who evacuated not to return.Dawn Vickers rode out the storm in Mexico Beach, but her house and vehicles were demolished. Without cell phone service or transportation, she has been taking shelter in one of the few condos left standing, invited by someone she met at what's left of a gas station."This has been the worst nightmare I've ever been through in my life," she told CNN on Friday.A psychiatric hospital in Florida is isolated after downed trees blocked roads around Chattahoochee, and a tree caused a water line to break. The facility is running on power generators, and helicopters have delivered food and water, the state's Department of Children and Families said. 1938

The death toll in the deadliest wildfire in California history continues to increase as Cal Fire officials said on Tuesday that six more bodies were found, marking the Camp Fire's death toll at 48. The six bodies were found in Paradise, California, a town that authorities said was destroyed by the Camp Fire, which is only 30 percent contained as of Tuesday. The Camp Fire alone has destroyed 8,817 structures and continues to spread. The fire is spreading despite nearly 5,000 fire personnel responding to the fire, Cal Fire said. Unfortunately, the Camp Fire is just one of several wildfires raging currently. The Woolsey Fire, which has claimed two lives of its own, continues to spread throughout Ventura County, California. That fire has spread across nearly 100,000 acres since being spotted on Nov. 7.  858

The family of late singer Tom Petty is upset with President Donald Trump for using the hit song "I Won’t Back Down.”The song was played at the president’s re-election rally in Tulsa, Oklahoma, over the weekend.That in turn prompted the late star's estate to issue a cease and desist notice to Trump's campaign on Saturday.Adria, Annakim, Dana and Jane Petty wrote in a letter posted to Twitter that Trump was not authorized to use the song to “further a campaign that leaves too many Americans and common sense behind.”The estate said, "both the late Tom Petty and his family firmly stand against racism and discrimination of any kind."They added that "Tom Petty would never want a song of his used for a campaign of hate. He liked to bring people together."The letter also said, “We believe in America and we believe in democracy. But Donald Trump is not representing the noble ideals of either."The Trump campaign has yet to release a response about the use of the song. 980

The combined jackpot between Powerball and Mega Millions this week is now more than billion.Tuesday's Mega Millions jackpot, which is now at 7 million, is the largest this lottery has ever seen.The drawing for the record-breaking Mega Millions is at 11 p.m. Eastern today.Wednesday's Powerball drawing is now at 5 million.LIST:?Luckiest lottery numbers: Powerball, Mega Millions most common picksTake a look at the list below for the largest jackpots in U.S. history, according to the Arizona Lottery: 533

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