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> people found they could last on unemployment rather than work a job. I haven't found this credible (this year, at least). Unemployment doesn't last forever a

> people found they could last on unemployment rather than work a job. I haven't found this credible (this year, at least). Unemployment doesn't last forever and it's decidedly less than what they were making before. The former is more compelling than the latter, but the basic economics tell me that it isn't ppl living out of hallways that has caused a shortage of labor. How many years can this be reasonably asserted? I think it's a combination of the inflation and the building up of debt/loss of stability due to the pandemic. While the unemployment was nice, it's long gone and that labor (by the numbers) didn't all die off.

fragmede 5y ago
There were absolutely people that were making more on unemployment, at the height of the pandemic in 2020. (Specifying 2020 because more people have died from Covid-19 in 2021 than 2020.) Depending on the state, unemployment was some $900/week. That works out to $46.8k/yr, which is below the official federal poverty line of $52k/yr. But there are people who live there. That these people seems to have been the undervalued backbone our economy, working 3 part-time jobs, 7 days a week, is extremely depressing.
- tzs 5y ago
  > That works out to $46.8k/yr, which is below the official federal poverty line of $52k/yr. The federal poverty line depends on household size, and only reaches $52k/yr when the household size reaches 10 people. For a household of N people in 2021 it was 12880 + 4540 (N-1). Did you perhaps mix the poverty line up with the ACA subsidy maximum income? The ACA subsidy maximum income is 4x the poverty line, which works out to just under $52k for an individual?
  - fragmede 5y ago
    Ah thanks. I was confused, $52k is SF median income.
- simonsarris 5y ago
  > That works out to $46.8k/yr, which is below the official federal poverty line of $52k/yr. What on earth? It's $12,880. Not 52k. How does 52k even pass the sniff test for you? https://aspe.hhs.gov/topics/poverty-economic-mobility/poverty-guidelines/prior-hhs-poverty-guidelines-federal-register-references/2021-poverty-guidelines https://aspe.hhs.gov/topics/poverty-economic-mobility/povert...
  - deleted 5y ago
    [deleted]

fragmede 5y ago

There were absolutely people that were making more on unemployment, at the height of the pandemic in 2020. (Specifying 2020 because more people have died from Covid-19 in 2021 than 2020.) Depending on the state, unemployment was some $900/week. That works out to $46.8k/yr, which is below the official federal poverty line of $52k/yr. But there are people who live there. That these people seems to have been the undervalued backbone our economy, working 3 part-time jobs, 7 days a week, is extremely depressing.

tzs 5y ago
> That works out to $46.8k/yr, which is below the official federal poverty line of $52k/yr. The federal poverty line depends on household size, and only reaches $52k/yr when the household size reaches 10 people. For a household of N people in 2021 it was 12880 + 4540 (N-1). Did you perhaps mix the poverty line up with the ACA subsidy maximum income? The ACA subsidy maximum income is 4x the poverty line, which works out to just under $52k for an individual?
- fragmede 5y ago
  Ah thanks. I was confused, $52k is SF median income.
simonsarris 5y ago
> That works out to $46.8k/yr, which is below the official federal poverty line of $52k/yr. What on earth? It's $12,880. Not 52k. How does 52k even pass the sniff test for you? https://aspe.hhs.gov/topics/poverty-economic-mobility/poverty-guidelines/prior-hhs-poverty-guidelines-federal-register-references/2021-poverty-guidelines https://aspe.hhs.gov/topics/poverty-economic-mobility/povert...
- deleted 5y ago
  [deleted]