6 ms·
I've seen a lot of small businesses do the math, and realize that with the additional $600 provided by the stimulus bill, it actually works out better for some
by swalsh 7y ago
I've seen a lot of small businesses do the math, and realize that with the additional $600 provided by the stimulus bill, it actually works out better for some lower paid workers to lay them off (and presumably rehire later). I wonder if this might explain higher than expected numbers.
- boringg 7y agoMaybe, but demand just evaporated and might not return so why put the risk on their balance sheet if the fed govt will take it on in the meantime.
- themagician 7y agoWe just did that yesterday. It actually works out better for a lot of people. The break even point in California is around $25/hr. If you made under $25/hr it pays more to be unemployed. For some people who were part time at $15/hr or less they will actually see paychecks double. And you no longer have to even be looking for work to keep getting the money, at least through July 31.
- 12xo 7y agoThis was the point of the $600. It keeps people afloat and home.
- redisman 7y agoThat and almost no business can keep paying employees when literally no income is coming in for a month or three.