Quote:
Originally Posted by MTK
Nobody is getting rich on unemployment. I say if someone is living a little more comfortably right now during a stressful time that’s a good thing.
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The issue is if someone makes more money by not working, when called back to work many come back with an attitude. That becomes a negative for both the employee and the employer. I belong to a forum where a lot of people including myself own manufacturing businesses. It doesn't apply to me as I no longer have employees, but quite a few guys on there had to lay people off. They took Cares Act loans and went back to running full capacity, quite a few of the employees did not want to come back to work till the $600 federal bonus money ran out. Some refused to return to work and ended up getting fired. When that extra $600 ends they end up with just state unemployment which will be way less than what they were making while working. Also they now are unemployed in a time where we have a 15% unemployment rate and growing.
Things are going to get a lot worse for a long time before things turn around. you are going to have high unemployment and under employment. You are going to have a lot of people taking jobs they are over qualified for and there will be plenty of people happy to hire them. Unemployed people without much in the way of skills and education are going to have a tough time finding work. With high unemployment employers will start increasing job requirements.
05-10-2020, 12:26 PM
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