It’s naive to think this works for everyone. Independent contractors are getting screwed. Small businesses are getting screwed. Sure, there are some solutions on paper, but for a lot of people they have not come to fruition yet.

Edit: People downvoting me are proving my point about being naive. I’m giving my input as someone who is in a much different position than most of the privileged commenters here. Feel free to ignore it, it just grows my disdain for the stereotypical tech worker, a well-paid sheep that’s never faced any kind of hardship yet thinks he knows what’s best for people who have.

Not everyone fits into a perfect little box of “job” or “no job.” I personally am an independent contractor who’s been burning through (minimal) savings while building a startup that doesn’t exist yet. I’m eligible for the $1200 check, but I have no idea where it is and the IRS website is a blackhole. I haven’t tried for the PPP loan yet but it’s not helpful.

Independent contractor, self employed, and gig workers can get unemployment now because of the stimulus bill even though they aren't normally be eligible. If you are making substantially less than before you can get partial unemployment, and it could make sense to quit working and quarantine given the benefits and your economic prospects. I agree that this won't work for everyone though. The bay area specifically has more people with jumbo loans, and these are not federally backed and part of the forbearance program. The cost of living in the bay area is higher, so this stimulus will not go as far as many places. The cost of healthcare is still a concern if you get sick, even with insurance.

The amount of unemployment benefit scales with income, and $450/wk (plus $600 from the stimulus) is the maximum, to be clear. A full time worker paid $15/hour would receive $300+1000 per week.

UI benefits table https://www.edd.ca.gov/pdf_pub_ctr/de1101bt5.pdf

Your math is a bit off. $15/hour fulltime is $7650 gross per quarter. According to the EDD PDF you linked, that would qualify for $295/week in unemployment plus $600 from the Feds for a total of $895. No one is going to get more than $1050 combined in California.