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TopicLooks like the $600 unemployment benefits won't be extended
ScazarMeltex
07/10/20 3:03:21 PM
#13:


lord0fmud posted...
I run a restaurant and have been begging servers to come back. Assistant managers as well. This isn't Subway either, it's a high end steak house where the servers make more than I do some weeks.

All I hear is, "I got that Covid money. I'll com back when that's over". Let that run out.
Yeah you are full of shit because that's not how unemployment insurance works.

Now for the grownups in the room, this will do more damage to the economy than anything else. When you have this many people unemployed the only thing that has been keeping people able to spend (which is how the US economy works, on endless consumer spending) is that extra $600. When that is gone and these people lose upwards of 2/3s of their weekly income, that means nothing is getting bought, which will crash the actual consumer economy. In Missouri the max you can draw on unemployment is 320 bucks. After taxes that's around 230 I believe. You ain't paying rent on that, let alone buying anything to keep the consumer economy going, and a ton of states have an ever lower maximum.

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