Thursday, April 30, 2020

Millions Of Now-Unemployed Americans Are Making More Money Than They Did When Working

From ZeroHedge:
Social Security Administration numbers show that half of all U.S. workers make less than $33,000 a year.  Of course if you multiply $600 by 52 weeks, you get $31,200.  The provision in the CARES Act that pays this bonus money to unemployed workers is supposed to expire on July 31st, but there is likely going to be a tremendous push to extend these benefits far beyond that date....  
[B]usinesses all over America are not going to be able to “return to normal” if millions upon millions of workers simply do not want to work. 
In fact, a coffee shop owner in Harlan, Kentucky named Sky Marietta just had to close her entire business down because it would cost her former employees “literally hundreds of dollars per week” to be employed.