The economic and labor market fallout from COVID-19 is occurring in real time and the ultimate trajectory remains unknown. While some labor market data and statistics will not fully capture either contemporaneous experience or future expectations, economic experts must nevertheless find reasonable approaches to address possible labor market scenarios when calculating lost earnings in wrongful termination matters based on the available evidence.
In this Law360 article, Dr. Michaelyn Corbett discusses how common assumptions and approaches to damages calculations in lost earnings cases should be revisited in light of COVID-19’s effect on relevant inputs.
