3 ms·

Have the small business owners increased the hourly wages in light of this?

• missedthecue 5y ago
  I don't think it's particularly healthy that we expect the meager cashflows of small businesses to compete with the money printer at the federal reserve.
  • mindslight 5y ago
    Sure but this has been the monetary policy for the past two decades - eg all of that surveillance valley "disruption". National brands get limitless ZIRP investment money, while local owner-equity businesses get run out of business. The new change is that some of the money printing is being used to help individuals, rather than traditionally undermining them.
  • sixothree 5y ago
    Small businesses can't afford to pay $1200 per month?
    • missedthecue 5y ago
      It's much more than $1200. It's $300 state and $300 federal, weekly, so $2400 a month. But business can't offer $2500 and rake in the applications. When you're getting $2400 a month for sitting around watching movies all day, it is going to take a lot to move the needle and make you want to go back to work.
      • sixothree 5y ago
        Not all states are offering this. Are you sure Montana does?
• AuryGlenz 5y ago
  No. Should that be a temporary increase until federal benefits run out? Should it go to current employees? What if they're paid different rates, do they suddenly make the same amount? Even if they increase it to be somewhat more than the government is paying people, you're still competing with them getting income for doing absolutely nothing. This is all coming from someone that is also getting unemployment. However, it's less than I normally make - significantly so, depending on the week. It's a shame state unemployment systems apparently couldn't cope with a percentage increase rather than a flat number.