Buried in a story about the overly generous unemployment "Bonus" that Democrats added to the CARES Act is the reason why they insisted on it in the first place - and why it will drag down the recovery once the lockdown ends.
While lawmakers were hammering out the massive $2 trillion bill, a key focus of which was to keep workers connected to their jobs through a loan guarantee program - Democrats insisted on a huge increase in unemployment benefits.
The Journal reports that - thanks to this bonus - workers will get an average of $978 in unemployment benefits.
This unemployment pay raise contributed to the massive surge in unemployment claims.
Tracy Jackson, 50, of Nacogdoches, Texas, started receiving unemployment benefits after losing her job as a cook at a college.
The extra money she receives in unemployment benefits has made her conclude she had been underpaid at her previous job, earning $10.30 an hour after five years.
"The additional $600-per-week unemployment benefit regardless of income level does the opposite."
https://issuesinsights.com/2020/04/30/dems-snuck-a-15-minimum-wage-into-the-cares-act-and-well-all-pay-the-price/
While lawmakers were hammering out the massive $2 trillion bill, a key focus of which was to keep workers connected to their jobs through a loan guarantee program - Democrats insisted on a huge increase in unemployment benefits.
The Journal reports that - thanks to this bonus - workers will get an average of $978 in unemployment benefits.
This unemployment pay raise contributed to the massive surge in unemployment claims.
Tracy Jackson, 50, of Nacogdoches, Texas, started receiving unemployment benefits after losing her job as a cook at a college.
The extra money she receives in unemployment benefits has made her conclude she had been underpaid at her previous job, earning $10.30 an hour after five years.
"The additional $600-per-week unemployment benefit regardless of income level does the opposite."
https://issuesinsights.com/2020/04/30/dems-snuck-a-15-minimum-wage-into-the-cares-act-and-well-all-pay-the-price/
No comments:
Post a Comment