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By a European definition, we definitely do not have a "good social safety net". You would be shocked at how inadequate the US system is compared to a "real" soc
by jorblumesea 7y ago
By a European definition, we definitely do not have a "good social safety net". You would be shocked at how inadequate the US system is compared to a "real" social safety net. You can even see this in the COVID crisis where European countries are paying 60-80% of salaries, whereas in the US you get a one time check of $1200. Maybe 1-2 months worth of expenses, and that's being generous. A good example of the different mindsets and standards.
- robk 7y agoYou'd be surprised at how poor business operating metrics here vs there
- maxerickson 7y agoThere's federal unemployment assistance of $600 a week in the US. https://www.nytimes.com/interactive/2020/04/23/business/economy/unemployment-benefits-stimulus-coronavirus.html https://www.nytimes.com/interactive/2020/04/23/business/econ... The $1200 is a 'stimulus' payment going to everyone. Paying businesses to keep people on payroll may have been a better policy (as the disruption gets longer that changes).
- jorblumesea 7y agoGood point, thanks for correcting me.
- Smithalicious 7y agoChrist, $600 per week is insane. That's more than twice what I have as a student living in the Netherlands.
- RhysU 7y ago$1200 is not going to everyone. Some get $0.
- maxerickson 7y agoYes true, I forgot that there's an income taper. Seems the payment starts decreasing for people earning something like the 70th percentile? (It's hard to figure because it differs for filing status)