Q: Are Generous Unemployment Benefits Destroying the Economy? A: No, of Course Not.

Canada News News

Q: Are Generous Unemployment Benefits Destroying the Economy? A: No, of Course Not.
Canada Latest News,Canada Headlines
  • 📰 Slate
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Why Republicans who think laid-off Americans are “getting hot-tub unemployment” are wrong, wrong, wrong.

I’d argue that both sides are wrong. The jobless benefits Congress created are obviously not “undermining” the broad economy right now; rather, they’re helping prop it up while saving millions of Americans who’ve been laid off from unnecessary hardshipwhile serving an important public-health purpose. But they do create a real dilemma for some small businesses owners, especially ones who are trying to get their own government aid.

For the most part, that’s a good thing. In the past five weeks, 26 million people have filed for unemployment benefits—not because they are luxurious, but because states and cities have ordered entire industries closed, and other businesses have seen their sales slow to a crawl.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Slate /  🏆 716. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Americans too scared to go to work risk losing unemployment aid, experts sayAmericans too scared to go to work risk losing unemployment aid, experts sayU.S. workers who refuse to return to their jobs because they are worried about catching the coronavirus should not count on getting unemployment benefits, state officials and labor law experts say.
Read more »

Some gig workers are getting $0 in unemployment benefitsSome gig workers are getting $0 in unemployment benefitsGig workers and other self-employed individuals are trying to make sense of yet another wrinkle in a roundabout process to collect unemployment benefits.
Read more »

Another 4.4 million Americans filed for unemployment benefits last weekAnother 4.4 million Americans filed for unemployment benefits last weekFor the fifth week in a row, millions of American workers applied for unemployment benefits, seeking financial relief as businesses remained closed during the coronavirus pandemic.
Read more »

26.5 Million Americans Lost Their Jobs in the Past 5 Weeks26.5 Million Americans Lost Their Jobs in the Past 5 WeeksThe U.S. unemployment rate appears to be around 20 percent, double its Great Recession peak.
Read more »

Stocks open slightly higher on Wall Street, crude oil risesStocks open slightly higher on Wall Street, crude oil risesNEW YORK (AP) — Stocks opened slightly higher Thursday, even after the government said 4.4 million more workers filed for unemployment benefits last week as layoffs sweep the economy. The S&P 500...
Read more »

Here’s What It's Like To Be Undocumented During The Coronavirus CrisisHere’s What It's Like To Be Undocumented During The Coronavirus Crisis“We just want the government to recognize our humanity,” said one undocumented mother who is out of work with no unemployment benefits.
Read more »



Render Time: 2025-03-30 13:52:40