Earlier quoted context omitted.
Some politicians have pointed out that some lower income people are getting paid more to _not_ work now, due to unemployment benefits and the CARES Act. I'm not saying that I agree with those politicians. It seems like the concern for lower income people runs the gamut from them not being able to make it to them living high on the benefits hog. Edit: It's not just politicians-- similar stories are on CNBC: https://ww…
Why would you not agree? It’s simple math. In most states, your weekly unemployment is half your salary, up to a cap. Under the CARES Act, you then add $600/week. So if that extra $600 is more than half your weekly paycheck, you earn more on unemployment. It works out to everyone earning less than about $62,000, which is more than half of people in most of the country. Pointing out that this creates a disincentive to…
Arguably, this is a positive unintended consequence of the act in this situation.