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Re:Additional 6.6M File for Initial Unemployment Benefits [pdf] by themagician on Thursday April 02, 2020 @09:42AM (#22758828)
In many places being unemployed pays more than being employed.

Not sure why the downvotes. It’s literally true for the first time ever. The way the new benefits work out your unemployment check STARTS at the equivalent of $15/hr x 40hr/week = $600/wk. In California, for example, you can get up to $1,050/wk instead of the old maximum of $450/wk.

Re:Additional 6.6M File for Initial Unemployment Benefits [pdf] by PragmaticPulp on Thursday April 02, 2020 @10:25AM (#22759317)
> In many places being unemployed pays more than being employed.

You're being downvoted because you overgeneralized ("many places"), but this is actually true in some scenarios.

See "Unemployed workers could get more than 100% of their paycheck under the coronavirus bill" https://www.cnbc.com/2020/03/27/how-unemployed-workers-could...

It's a perverse incentive to getting people back to work, so I expect this loophole will be closed soon.

Re:Additional 6.6M File for Initial Unemployment Benefits [pdf] by elliekelly on Thursday April 02, 2020 @11:44AM (#22760258)
> It's a perverse incentive to getting people back to work

Unemployment isn't forever and the additional $600/week is only for the current pandemic situation and expires as of July 31. This is not a windfall for those who are now suddenly without a job.

But more importantly, someone who has just been laid off has close to zero employment options right now. They might be able to find a short-term job at a grocery store or Amazon but if they're over 50 or have any sort of health issues that's probably unwise. And even if someone is willing to risk it they're unlikely to get the position anyway, no matter how qualified, because those few positions are absolutely flooded with applicants[1].

There cannot be a "perverse incentive" (or any incentive at all) to stay home and collect unemployment when that is a person's one and only option.

[1] https://abc13.com/heb-who's-hiring-houston-jobs-covid-19/606...

Re:Additional 6.6M File for Initial Unemployment Benefits [pdf] by PragmaticPulp on Thursday April 02, 2020 @12:22PM (#22760659)
> There cannot be a "perverse incentive" (or any incentive at all) to stay home and collect unemployment when that is a person's one and only option.

The economy isn't all-or-nothing. This situation is bad, but it's an exaggeration to suggest that no one is hiring.

The perverse incentive comes into play when people start turning down $20/hr jobs because they're making $23/hr on unemployment insurance. They'll want to go back to work eventually, yes, but they won't rush into it will literally cost them money to do so.

I'm not suggesting that unemployment insurance is comfortable or ideal, but I think it's important that we avoid situations where people must deliberately choose to reduce their income to return to work.

Re:Additional 6.6M File for Initial Unemployment Benefits [pdf] by cultus on Thursday April 02, 2020 @02:30PM (#22762049)
Sure, a few people will be hired. But it is absolutely delusional to think that any significant percentage of people laid off will be able to get a new job anytime soon. There simply aren't enough jobs. Everyone really, really wanting it will just make those jobs harder to get, and will lead to lower pay and reduced safety.

This is not a time to be talking about bootstraps.

Re:Additional 6.6M File for Initial Unemployment Benefits [pdf] by themagician on Thursday April 02, 2020 @12:56PM (#22761011)
People probably haven’t figured it out yet. Why work for $15/hr at a grocery store when you can make $20/hr sitting at home? Sure, not forever. But that grocery store job ain’t forever either. The UI benefits go until at least July 31. That’s probably longer than most of these temp jobs.
Re:Additional 6.6M File for Initial Unemployment Benefits [pdf] by cultus on Thursday April 02, 2020 @02:28PM (#22762026)
We want people to be staying home and not working right now. Other countries are smart enough to encourage this. Only the US seems to be missing the entire point of this whole exercise.
Re:Additional 6.6M File for Initial Unemployment Benefits [pdf] by themagician on Thursday April 02, 2020 @10:28AM (#22759339)
It’s true in a LOT of scenarios. It’s true for anyone making under $15/hr anywhere, and in some states the break even is $20/hr or more.
Re:Additional 6.6M File for Initial Unemployment Benefits [pdf] by _curious_ on Thursday April 02, 2020 @10:56AM (#22759709)
"I expect this loophole will be closed soon" What makes you think that?
Re:Additional 6.6M File for Initial Unemployment Benefits [pdf] by swimfar on Thursday April 02, 2020 @10:47AM (#22759577)
When I was unemployed after my first job out of college, I was making a little over $420/week on unemployment. I ended up taking a manufacturing job where I made $10/hour for a 40hr/week job. So I made less money by working than if I had stayed on unemployment. And that hourly wage was quite a bit higher than minimum wage.
Re:Additional 6.6M File for Initial Unemployment Benefits [pdf] by _curious_ on Thursday April 02, 2020 @10:55AM (#22759698)
So you worked 100% more/harder and still made less...what a perverse system.
Re:Additional 6.6M File for Initial Unemployment Benefits [pdf] by swimfar on Thursday April 02, 2020 @11:03AM (#22759801)
Most people just wouldn't have taken that job. You could argue that would be better because it leaves it open for someone who needs it more.
Re:Additional 6.6M File for Initial Unemployment Benefits [pdf] by _curious_ on Thursday April 02, 2020 @11:28AM (#22760059)
"You could argue that would be better because it leaves it open for someone who needs it more." The generosity! Who could need it more than someone who literally does not have any job?
Re:Additional 6.6M File for Initial Unemployment Benefits [pdf] by _curious_ on Thursday April 02, 2020 @10:54AM (#22759682)
"In many places being unemployed pays more than being employed." Could this be a tipping point?
Re:Additional 6.6M File for Initial Unemployment Benefits [pdf] by arbitrage on Thursday April 02, 2020 @09:58AM (#22758985)
Go ahead and name them, please?
Re:Additional 6.6M File for Initial Unemployment Benefits [pdf] by themagician on Thursday April 02, 2020 @10:07AM (#22759078)
Most places. California, New York, anywhere with a decent unemployment insurance program.

If you made $15 an hour in California you were making $600/wk. On unemployment you now make $877/wk. That’s a 46% increase. It’s huge.