4 ms·
1. You also need to take into account non-wage compensation (e.g. healthcare). 2. This also provides a certain amount of "rough justice" for replacement of unr
by phonon 6y ago
1. You also need to take into account non-wage compensation (e.g. healthcare).
2. This also provides a certain amount of "rough justice" for replacement of unreported wage income. While ordinarily that would not be an appropriate use of the UI system, these are not ordinary times.
3. Excess UI benefits will not last forever, while the effects to lower wage workers in food/hospitality and other industries will leave financial scarring for years. Giving people a little more upfront, then slowly phasing it out, gives laid off workers a reasonable opportunity to plan on a career change, if needed, or to reduce household expenses going forward. (E.g. finding a cheaper apartment).