Deep Sixed

The Senate GOP is looking to reduce the weekly unemployment insurance enhancement from $600 to $200. The concern is that some people are making more money by not working. “University of Chicago researchers found that for two-thirds of people who lose jobs, their unemployment benefits exceeded what they had been earning. The researchers even drilled down into specific low-paying jobs to see how those who kept working earned less than those who weren’t. For instance, unemployed janitors were eligible to collect 158% of their pay, while the typical retail worker can get 142% of what they regularly earn.” NPR: $600 A Week: Poverty Remedy Or Job Slayer? (These numbers also need to be viewed outside the prism of the pandemic. Too many Americans are getting paid way too little money for full time jobs while my stock portfolio goes up and up, Covid or no Covid. The system is broken.)

Copied to Clipboard