3.28M file for U.S. jobless benefits • Hacker News Board

Re: 3.28M file for U.S. jobless benefits

#621

Post by big_chungus » Thu, Mar 26, 2020, 10:27 PM UTC

jahaja wrote: post #545

big_chungus wrote: post #498

Earlier quoted context omitted.

Where do you get that conclusion? You think crashing the economy won't hurt people? > Shame on you. Seriously?

Yes, seriously. You're willing to sacrifice a million people to keep your house of cards economy going instead of fixing the root cause. To add insult to injury you want to shrink the state, thus collective resources, even more and calling every citizen of the US welfare queens? What the hell? This is some fundamentalist "the cause justify the means" bullshit. An economy that requires 1 million in human sacrifice dur…

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Re: 3.28M file for U.S. jobless benefits

#622

Post by big_chungus » Thu, Mar 26, 2020, 10:28 PM UTC

lgleason wrote: post #534

big_chungus wrote: post #498

Earlier quoted context omitted.

Where do you get that conclusion? You think crashing the economy won't hurt people? > Shame on you. Seriously?

I agree, things get heated when people start to moralize about things without considering the other side. On one hand, people affected by a death or very sick family member are going to feel one way, especially if they are not feeling a lot of economic pain. That said a small restaurant owner, or worker who is living on the edge who is facing the real possibility of losing everything is, understandably going to feel…

There's also a third group with an equally-valid point: the people who don't want to pay for any of it. I think they've gotten drowned out by the others.

Re: 3.28M file for U.S. jobless benefits

#623

Post by llampx » Thu, Mar 26, 2020, 10:32 PM UTC

macintux wrote: post #504

C1sc0cat wrote: post #450

Earlier quoted context omitted.

None of those comments really help explain why the bottle necks. If the form has to go into a mainframe well just set up an asynconous Queue

Validation is the problem. If someone thinks they’ve successfully applied, rejecting them asynchronously is often worse than not letting them apply in the first place.

The government generally has no problem with rejecting filed claims after review.

Re: 3.28M file for U.S. jobless benefits

#624

Post by devmunchies » Thu, Mar 26, 2020, 10:39 PM UTC

hn_throwaway_99 wrote: post #459

devmunchies wrote: post #430

Earlier quoted context omitted.

>somehow because this is seen as an external threat and not an internal blunder. Similar to 9/11. Countrymen tend to band together and support the leader when faced with a crisis, regardless of the leader.

What is particularly infuriating is this specific leader made it much worse by doing things like closing the pandemic response team a couple years ago and calling it a big Democratic hoax until recently. TBH, it's very difficult to look at that 538 chart and not come to the conclusion that a large portion of Americans are idiots. And I'm not even talking about whether or not they support Trump, I'm talking about how…

That’s democracy for you, where the ruler is whoever controls the discussion, which is usually the media. It doesn’t help that leadership is a revolving door and nobody is accountable. At least with monarchies you could lose your head.

Re: 3.28M file for U.S. jobless benefits

#625

Post by llampx » Thu, Mar 26, 2020, 10:44 PM UTC

nsporillo wrote: post #457

saiya-jin wrote: post #407

Earlier quoted context omitted.

Genocide or not (nobody knows what is happening in those camps, so I would not use that word unless we have some solid hard evidence), we talk about consequences of covid on societies. And Chinese one seems to be faring much much better than most others. I just saw how a video of Chinese doctors dressing up for a visit to a covid patient. My doctor wife just stared with open mouth - nothing like that is done here in…

China understands what matters most and that is controlling the narrative. An authoritarian government excels at manipulating the raw data and thus the narrative.

Controlling the narrative is also what the US Federal government is currently doing.

They hold nightly pressers, dragged their feet on getting tests out, recently asked states not to publish their unemployment reports, etc.

Re: 3.28M file for U.S. jobless benefits

#626

Post by GhostVII » Thu, Mar 26, 2020, 10:46 PM UTC

rixrax wrote: post #477

stupandaus wrote: post #24

A few things to note: 1. These figures are only new claims as of 3/21, so the numbers will get worse. 2. This is ~2% of the estimated ~160-165M US Workforce. 3. This is nearly 5x (!) the prior record of 671K new jobless claims from 1982, and redefines the scale for jobless claims. [1] 4. This does not account for the countless gig workers that are part of the modern economy that likely did not file for unemployment s…

And yet DJIA is up almost 1000 points. Is this the stimulus $$$ in work, or what is going on here?

Job losses are expected and are priced in (which is why it crashed a couple weeks ago). The job losses were less than some expected so the market went up.

Re: 3.28M file for U.S. jobless benefits

#627

Post by GhostVII » Thu, Mar 26, 2020, 10:47 PM UTC

charlieflowers wrote: post #514

rixrax wrote: post #477

Earlier quoted context omitted.

And yet DJIA is up almost 1000 points. Is this the stimulus $$$ in work, or what is going on here?

Unfortunately, it's called "a good time to get the heck out if you haven't already."

Panic selling is generally a poor strategy. Feel free though I'd be happy to pick up some more cheap VGRO.

Re: 3.28M file for U.S. jobless benefits

#628

Post by big_chungus » Thu, Mar 26, 2020, 11:10 PM UTC

williamdclt wrote: post #193

big_chungus wrote: post #167

Earlier quoted context omitted.

This is exactly right. The economy has grown to unsustainable levels based on the economic habits of the average American who can't be bothered to save, hence the crash we're seeing now. At sixty hours a week, that guy should be making six figures, pre-tax. There is zero excuse for not saving. Everyone should save at least six months of salary for emergencies; though a few people legitimately can't, most Americans si…

Americans work sixty hours a week ? Ten hour a day, rest on Sunday?

Not all, no, but a good few do (I'm sure this varies by industry, region, etc.) Ambitious people tend to do so more than others; there are only so many promotions/pay raises/etc. to go around and I'd rather I get it than one of my co-workers, so it becomes a bit of a positional arms race.

Re: 3.28M file for U.S. jobless benefits

#629

Post by llampx » Thu, Mar 26, 2020, 11:15 PM UTC

notyourday wrote: post #49

wpietri wrote: post #9

And as an econ/business reporter points out, this should be seen as the lower bound on the true number of lost job, because there are a lot of reasons people didn't file, including confusion, overwhelmed systems, and many lost jobs not qualifying: https://twitter.com/bencasselman/status/1243147516784324608

It is going to be much worse. This is the first week when the managers/companies started to pay attention to what is happening. Small companies are going to lay people off this week/next week. Mass layoffs take time as a lot of states have something like a WARN act. One should also remember that most of tipped restaurant industry gets tips on credit cards which are included in the next weekly/bi-weekly paychecks, whi…

In an ironic twist of fate, Uber Eats might become the stronger part of the business when ridership is down but food delivery is up. My friend who is an Uber driver tells me that's what's happening in his area, in California.

Re: 3.28M file for U.S. jobless benefits

#630

Post by malandrew » Thu, Mar 26, 2020, 11:15 PM UTC

matchbok wrote: post #599

misiti3780 wrote: post #466

Earlier quoted context omitted.

Stuff like: - 35MM for the JFK center in DC - 300MM for migration and refugee assistance - no voter id - early voting - emissions stuff regarding airline industry.

All great ideas, especially since the GOP tries every day to make voting more difficult. At least all this will help people, unlike most of the provisions the GOP wanted to slip in (abortion nonsense, pro-corporate loans, etc)

Whether or not they are great ideas, they are irrelevant to solving the immediate health and economic issues this bill should be addressing right now. None of those are issues that should be cause for holding up that aid.