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I think generally those European schemes involved paying people less than if they were working normally. The UK one was 80% of people's normal paychecks, others
by makomk 6y ago
I think generally those European schemes involved paying people less than if they were working normally. The UK one was 80% of people's normal paychecks, others were worse, some were presumably better. That detail seems to have been mysteriously omitted from a lot of the US media coverage.
- dogma1138 6y agoI think it’s also relevant to note that the US payout is on average higher than payouts in the EU. The only big difference is that once the federal grants are withdrawn much of Europe will have a much better social safety net to fall back on.
- oakesm9 6y agoFor the UK scheme, companies can furlough staff. During this time they can't do any work for that company. The company can pay them anywhere between 80% and 100% of their normal salary and then the government will reemberse the company for the 80%. That means that furloughed staff can be paid their full salary,but the company is only on the hook for 20% of it. Anecdotally, smaller companies with few members of staff (who are financially able) are paying 100%, while most large businesses are paying 80%.