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I‘m not american but I‘m struggling to understand how someone‘s unemployment can be higher than their wage. Do you have a link with an explanation?
by realityking 5y ago
I‘m not american but I‘m struggling to understand how someone‘s unemployment can be higher than their wage. Do you have a link with an explanation?
- dragonwriter 5y ago> I’m not american but I’m struggling to understand how someone‘s unemployment can be higher than their wage. Unemployment in the US is state-based, and usually a fraction of recent-past monthly income. During the pandemic, there was an emergency boost designed to bring the average unemployment benefit up to full wage, but this was implement (for simplicity) as a flat $ amoung on top of the usual state unemployment benefit, not a change to the formula. So, lower wage workers ended up above 100% of their recent-past wage while the emergency enhancement was in effect.