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$25.00 / hour
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Mar 25, 2020 23:02:03   #
Strycker
 
With the senate stimulus bill people will receive the equivalent of nearly $25.00 per hour for up to the next four months in unemployment benefits. In many cases more than doubling what they were previously making while working.

How will businesses compete with the government and get their furloughed employees to come back before August?

Will small businesses still be able to operate their businesses with the economic hit they have already taken plus competing with the government on payroll expenses?

I see a slew of unintended or, perhaps, totally intended consequences to the congress's current actions.

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Mar 25, 2020 23:07:35   #
LogicallyRight Loc: Chicago
 
That makes no sense. almost as stupid as some of Pelosi's S---

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Mar 25, 2020 23:28:28   #
dtucker300 Loc: Vista, CA
 
Strycker wrote:
With the senate stimulus bill people will receive the equivalent of nearly $25.00 per hour for up to the next four months in unemployment benefits. In many cases more than doubling what they were previously making while working.

How will businesses compete with the government and get their furloughed employees to come back before August?

Will small businesses still be able to operate their businesses with the economic hit they have already taken plus competing with the government on payroll expenses?

I see a slew of unintended or, perhaps, totally intended consequences to the congress's current actions.
With the senate stimulus bill people will receive ... (show quote)


They are still negotiating a change to this because it is in some states more than people make working.

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Mar 26, 2020 00:01:19   #
Canuckus Deploracus Loc: North of the wall
 
Strycker wrote:
With the senate stimulus bill people will receive the equivalent of nearly $25.00 per hour for up to the next four months in unemployment benefits. In many cases more than doubling what they were previously making while working.

How will businesses compete with the government and get their furloughed employees to come back before August?

Will small businesses still be able to operate their businesses with the economic hit they have already taken plus competing with the government on payroll expenses?

I see a slew of unintended or, perhaps, totally intended consequences to the congress's current actions.
With the senate stimulus bill people will receive ... (show quote)


That would be 13,000 over three months... At 40 hours a week...


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Mar 26, 2020 00:09:10   #
Strycker
 
dtucker300 wrote:
They are still negotiating a change to this because it is in some states more than people make working.


It is a done deal, at least in the Senate. I expect the House, if they make any changes, will only make it more imbalanced. It is more than many people are earning in all states. The average wage in the US is around $24 / hour. So roughly half the workers in the US make less than $24 and will be making more by not working. Wonder what the economic repercussions will be with such an imbalance of working compared to not working?

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Mar 26, 2020 00:18:44   #
debeda
 
Strycker wrote:
With the senate stimulus bill people will receive the equivalent of nearly $25.00 per hour for up to the next four months in unemployment benefits. In many cases more than doubling what they were previously making while working.

How will businesses compete with the government and get their furloughed employees to come back before August?

Will small businesses still be able to operate their businesses with the economic hit they have already taken plus competing with the government on payroll expenses?

I see a slew of unintended or, perhaps, totally intended consequences to the congress's current actions.
With the senate stimulus bill people will receive ... (show quote)


I just read that the stimulus bill passed by the Senate tonight is a $1200 per adult, $500 per child one time payment. And people can apply for unemployment. Your unemployment payment is based on your earnings.

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Mar 26, 2020 00:38:51   #
dtucker300 Loc: Vista, CA
 
debeda wrote:
I just read that the stimulus bill passed by the Senate tonight is a $1200 per adult, $500 per child one time payment. And people can apply for unemployment. Your unemployment payment is based on your earnings.


I believe the Relief Bill is supposed to provide a supplement to unemployment More money and a longer period of relief. This is why some will earn more on unemployment than they would from working.

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Mar 26, 2020 00:40:05   #
Strycker
 
debeda wrote:
I just read that the stimulus bill passed by the Senate tonight is a $1200 per adult, $500 per child one time payment. And people can apply for unemployment. Your unemployment payment is based on your earnings.


That $1200 and $500 is separate from unemployment benefits. Everyone gets the one time $1200 check.

The state part of unemployment is based on income and varies from state to state. In my state if you earn as little as $5000 in two quarters you get the max state unemployment of $330/week. Massachusetts pays as much as $823/week. This bill adds $600/week on top of the state amount regardless of income. So, in Massachusetts its really the equivalent of $35/hour.

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Mar 26, 2020 00:42:57   #
Kevyn
 
LogicallyRight wrote:
That makes no sense. almost as stupid as some of Pelosi's S---


How does it not make sense? The nation wants people to stay home from work. What better way to achieve that than paying people to do so?

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Mar 26, 2020 00:47:21   #
debeda
 
dtucker300 wrote:
I believe the Relief Bill is supposed to provide a supplement to unemployment More money and a longer period of relief. This is why some will earn more on unemployment than they would from working.


Oh, wow, didnt know about the supplement part

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Mar 26, 2020 00:47:48   #
debeda
 
Strycker wrote:
That $1200 and $500 is separate from unemployment benefits. Everyone gets the one time $1200 check.

The state part of unemployment is based on income and varies from state to state. In my state if you earn as little as $5000 in two quarters you get the max state unemployment of $330/week. Massachusetts pays as much as $823/week. This bill adds $600/week on top of the state amount regardless of income. So, in Massachusetts its really the equivalent of $35/hour.


Holy cow!!!!

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Mar 26, 2020 01:00:09   #
Strycker
 
Kevyn wrote:
How does it not make sense? The nation wants people to stay home from work. What better way to achieve that than paying people to do so?


And when the government is paying them double what they are used to... How do employers get them to go back to work before the benefits run out?

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Mar 26, 2020 01:10:36   #
dtucker300 Loc: Vista, CA
 
Strycker wrote:
And when the government is paying them double what they are used to... How do employers get them to go back to work before the benefits run out?


That is one of the unintended consequences of this.

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Mar 26, 2020 01:11:23   #
dtucker300 Loc: Vista, CA
 
Kevyn wrote:
How does it not make sense? The nation wants people to stay home from work. What better way to achieve that than paying people to do so?


You should know! It works well for you, doesn't it?

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Mar 26, 2020 01:44:38   #
Kevyn
 
Strycker wrote:
And when the government is paying them double what they are used to... How do employers get them to go back to work before the benefits run out?


The benefits last as long as the crisis, and it looks like a lot of businesses will need to offer workers more money, and yes they can afford to.

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