3 ms·
Part of the trillions being spent is an increase by $600/week in unemployment. This article has a state-by-state breakdown of the replacement rate of unemployme
by mcintyre1994 6y ago
Part of the trillions being spent is an increase by $600/week in unemployment. This article has a state-by-state breakdown of the replacement rate of unemployment before and after: 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... So while unemployment is obviously bad in lots of ways, I don’t think it’s currently a given that unemployed people are getting poorer, yet.
If you’re wondering who’s getting filthy rich, there’s a half trillion dollar fund being distributed to businesses. Trump has already said he won’t comply with oversight around that: https://www.vox.com/policy-and-politics/2020/3/28/21197995/coronavirus-stimulus-trump-inspector-general-wont-comply https://www.vox.com/policy-and-politics/2020/3/28/21197995/c... and https://en.m.wikipedia.org/wiki/Special_Inspector_General_for_Pandemic_Recovery https://en.m.wikipedia.org/wiki/Special_Inspector_General_fo...