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Is the federal unemployment subsidy causing some workers to shun possible employment?
Asked by crazyguy (3207)
May 8th, 2021
As most of you know, the first bill passed by the Democrats and signed by Biden, was the American Rescue Plan. One of the features of the $1.9 trillion package was a federal subsidy to state unemployment benefits; the subsidy was originally $400, but, thanks to Senator Joe Manchin, was cut down to $300.
Even at $300, the subsidy ensures that the average unemployment compensation is in excess of $15 per hour.
Watch https://www.cnn.com/videos/tv/2021/05/08/smerconish-are-benefits-hurting-companies-ability-to-hire-workers.cnn
In other words, the small Mom and Pop small businesses now have to compete with the Federal Government to hire their minor needs.
Do you think this is happening? And is it fair?
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