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> He adds that the law "should also specify that the payments would continue in 2021 and beyond if the unemployment rate rises to 5.5% and remains there or high
by the_watcher 7y ago
> He adds that the law "should also specify that the payments would continue in 2021 and beyond if the unemployment rate rises to 5.5% and remains there or higher. Hopefully this will not happen, but if it does, the money will be needed."
If it has this caveat, it's essentially just UBI, not a response to coronavirus. I'm more sympathetic to UBI than I'd have once expected, but my observation is that any response that creates a potential post-virus entitlement is substantially less likely to pass, and at the moment, the priority should be getting some relief out there. This is suboptimal, but reality.