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Thread: Employers Struggle to Compete with $600 Coronavirus Unemployment Payments

  1. #1

    Employers Struggle to Compete with $600 Coronavirus Unemployment Payments

    Some conservatives were predicting this:

    As a producer of personal protective equipment, Carl Livesay was eager to rehire his 60 employees and get operations up and running at the Baltimore-based manufacturer Maryland Thermoform Corporation once its forgivable government loan came through.

    But with some workers earning more staying home because of the enhanced unemployment benefits provided by the CARES Act, the company has struggled to restore its headcount -- putting it at risk of violating the terms of its stimulus loan through the Paycheck Protection Program, which calls for employers to retain three-quarters of their payroll.

    "It's been very difficult to get some people to return to work," Livesay, the vice president of operations for Maryland Thermoform Corporation, told ABC News. "In some cases, depending on what their compensation was, they make more money with unemployment and the federal stipend of $600 a week."

    "There are significant unintended consequences," Livesay, who is also advising Maryland Gov. Larry Hogan on reopening the state's economy, said of PPP. "I'm hoping that they give us some extra time to get up to full staff. We're interviewing three to five people a day for jobs we have open, and we can't even get them to show up for interviews."
    Link



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  3. #2
    This is why Trump said to give the stimulus out directly to people. The democrats created this situation. This really allows employers to get the best people imo. I wouldnt want to employ someone who would refuse good work anyways those usually arent the good workers.

  4. #3
    Payments exceeding wages are insane, but even half wages is incentive enough for some people to continue to stay at home.

    This should be a solved "problem" already. This is not new in the history of UI. If an employer lays someone off, and that person then claims UI, if the employer offers them their job back, that information should go straight to UI, which should immediately cease payments.

    But each state is probably different, and the UI "requirements" are often a joke. They require a person to look for a job, but there is no way to enforce that. But an employer offering to rehire should be easy to track. Nothing new here.
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
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  5. #4
    This always happens with unemployment benefits. When you pay people not to work many people will chose not to work.

    There was a decent argument for this to flatten to curve for few weeks but the House wants to keep this through the end of the year. And the Twitter left will scream about how heartless and stupid anyone who wants to cut these off is.

    Leftists are the most economically illiterate people alive. Morons all of them.

  6. #5
    Quote Originally Posted by Krugminator2 View Post
    This always happens with unemployment benefits. When you pay people not to work many people will chose not to work.

    There was a decent argument for this to flatten to curve for few weeks but the House wants to keep this through the end of the year. And the Twitter left will scream about how heartless and stupid anyone who wants to cut these off is.

    Leftists are the most economically illiterate people alive. Morons all of them.
    I thought you supported bailing everyone out?

  7. #6
    Quote Originally Posted by nikcers View Post
    This is why Trump said to give the stimulus out directly to people. The democrats created this situation. This really allows employers to get the best people imo. I wouldnt want to employ someone who would refuse good work anyways those usually arent the good workers.
    employers dont want the best people....they want full staff to follow laws of staffing requirements so they can collect BAILOUTS.
    It was too weird to live, and too rare to die - hunter s. thompson .
    ..this is the darkest timeline..

  8. #7
    Quote Originally Posted by Madison320 View Post
    I thought you supported bailing everyone out?

    Must be thinking of someone else.

  9. #8
    Quote Originally Posted by dean.engelhardt View Post
    Some conservatives were predicting this:



    Link
    Ya well it is pretty easy , around here avg job is 500 a week so unemployment is usually 400 . Everyone wants to work to get the other 400 a month. Unemployment bonus ? WTF



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  11. #9
    All of this is temporary and by precise design.

    No worries, once everything is in position and ready to go, life will resume in accordance to the new normal.

  12. #10
    Quote Originally Posted by PAF View Post
    All of this is temporary and by precise design.

    No worries, once everything is in position and ready to go, life will resume in accordance to the new normal.
    Flying cars?

  13. #11
    Quote Originally Posted by nikcers View Post
    Flying cars?
    Ignorance must be truly bliss.

  14. #12

  15. #13
    Quote Originally Posted by nikcers View Post
    My neuralink enhanced augmented reality will have flying cars and ignorance will be cured.
    I would like to neuralink in with you please.

  16. #14

  17. #15
    Quote Originally Posted by nikcers View Post
    The only rule is no haters
    I only offer peace and love.



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