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Thread: $600 a week
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07-05-2020, 09:34 AM #126Registered User
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Heartless because he tried to bring them back? He's on the hook to pay back the PPP if he doesn't reopen. Why wouldn't he cut them off if they would just leave him hanging out to dry? He was going to try and bring in a new staff so he could start earning a living again but now the place needs over $50k in renovations just to be able to function again. He's fucked and that sucks.
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07-05-2020, 09:42 AM #127
Did those ex employees have families? Perhaps spouses that were faced with reduced employment or laid off and somehow ineligible? Did they turn down his job offers because the only way they could make ends meet was because of the extra $$$ afforded by the extra $600 a week of benefits? Could they also make an argument that he left them out to dry by reporting them? Did he think that by reporting them and making them ineligible, that they would want to come back to his business?
edit: bummer for your buddy, too. I imagine if he had it all to do over again he probably would have done a few things different. As much as we want to be guided by our emotions, being punitive-- on the part of employer or employee-- isn't going to help in the long run.Last edited by Lone Star; 07-05-2020 at 01:28 PM.
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07-05-2020, 10:24 AM #128
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07-05-2020, 11:00 AM #129
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07-05-2020, 11:46 AM #130
Agree that the virus adds more risk to shitty jobs.
But, if no one is applying, you raise the starting wage.
But if it’s a $14 job, $7 unemployment plus $15 funny money is $22. So you have to offer $25 and make no money even if you can find someone willing to work for an extra $120 a week versus sitting at home smoking weed and day drinking and binging Jerry Springer.. . .
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07-05-2020, 06:04 PM #131
Not pissed at anyone, certainly not the employees. Just saying that congress maybe didn't think it through.
I assume the money's not limitless. I could be wrong, I know some disagree.
Assuming it's not, I'd rather get more weeks of unemployment, then more to start and then be cutoff.NYSB: NYSkiBlog.com
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07-05-2020, 07:02 PM #132
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07-05-2020, 07:08 PM #133man of ice
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07-05-2020, 07:47 PM #134
When they extended the dates we were able to use 100% of ours for payroll. Hoping that makes it easier to apply for forgiveness. If so we go over 13 weeks out of it, runs out next week. Hoping to go as long as possible before a re-layoff and paycut.
NYSB: NYSkiBlog.com
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07-05-2020, 09:20 PM #135
Tell Trump to get his money back from Harvard, and use that to keep your business open.
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07-05-2020, 09:25 PM #136
The $600 was designed not just to get people across a gap in income, but to DISINCENTIVIZE people from going to work. The 144 days between the start and termination of the CARES act was supposed to give us time to get Covid under control. There shouldn't have been a financial need for us to open up. Instead we had a trigger happy president who sees his political futures through a myopic economic lens. A trigger happy president who saw the unemployment numbers and didn't trust the plan. Instead, we rushed back to Chuck E. Cheese. It's fucking pathetic.
Last edited by huckbucket; 07-05-2020 at 10:26 PM.
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07-06-2020, 07:14 AM #137NYSB: NYSkiBlog.com
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07-06-2020, 07:15 AM #138Banned
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07-06-2020, 07:33 AM #139
How does the +600 jive the the idea of PPP? Why protect payroll if you don't want people to come back to work? Why not just go with unemployment and leave it there.
NYSB: NYSkiBlog.com
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07-06-2020, 08:06 PM #140
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07-06-2020, 08:07 PM #141
Different article, related subject, National as opposed to local:
https://www.politico.com/news/2020/0...ess-aid-349952
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07-09-2020, 11:51 AM #142
This will answer all of your questions.
https://freakonomics.com/podcast/covid-19-cares-act/
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07-09-2020, 12:50 PM #143
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07-09-2020, 01:06 PM #144Banned
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07-20-2020, 11:05 AM #145
$600 a week
It will be interesting to see how economy reacts to this ending. I'm certain a good number of recipients are double dipping and still working while receiving this benefit. Because it was given to 1099 workers there is no way to track re-employment in the cash economy. Don't get me wrong, I'm 100% ok with this as it provides possibly the most direct stimulus.
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07-20-2020, 01:25 PM #146
Whatever you earn for that week gets deducted from your regular state UI benefit payment. And you legally have to claim what you earn and hours worked, every week, even if it's only $10 in cash and under the table or 2 hours of labor. If you end up making more than what you're slated for state benefits, then they automatically kick you out of the system with no returns (there's a whole different process to get back IN to the system after you've been cut off, and it's extremely complicated and time consuming).
If you don't claim what you actually earned, you will get jailed and/or fined (usually both), for committing fraud. You have to sign a statement for every week you collect in Colorado, they are very strict about this. They also routinely audit for several years after the fact, so you have to prove all of your earnings. I'm thinking more people than not actually do report their earnings and jobs, because they know the ramifications if they get caught. Who wants to have fraud as part of a criminal record? Yes, there are dishonest people, but the measures they have in place largely do prevent fraud.
If you are still able to claim any state benefits, meaning, if the state still paid you a certain amount after deducting any cash or earnings for that week, that automatically makes/keeps you eligible to continue to receive the additional $600 for that week. It's legal and within the confines of what was federally mandated, at least for Colorado, and isn't what I would call 'double' dipping'. Nobody is making any more than what they've been making all along under the current system, unless they are complete fraudsters working under the table and not reporting, in which case they will likely get caught anyway and possibly go to jail. Other states not so sure.
If people were smart, they would have stashed that cash and not spent it, to better prepare for the next wave of shutdowns if they occur. Which, in that case, the extra $$ ends up not helping the economy anyway. I read an article last week that credit card debt per person in the US is decreasing. I'm thinking a good chunk of that extra cash went to Visa/MC for families that could finally afford to pay down a little extra debt.
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07-20-2020, 01:35 PM #147
It's called the cash economy and it's trillions of dollars. If they weren't reporting income before why would they report now?
https://www.edd.ca.gov/payroll_taxes...onomy_Cost.htm
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07-20-2020, 02:08 PM #148Banned
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go back see my example of someone I know who was told directly by their accountant "they would be stupid not to take the money". Owns his own company. Had the company still bringing in cash (paying workers), but him and his wife are not taking paychecks until AFTER the additional $600/week expires...if they extend, they will ride the money train. 100% "double dipping" just via creative accounting.
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07-21-2020, 01:59 PM #149
$ 600.00 a week = $ 15.00 p/hour x 40.
Sounds like the new minimum wage.I have been in this State for 30 years and I am willing to admit that I am part of the problem.
"Happiest years of my life were earning < $8.00 and hour, collecting unemployment every spring and fall, no car, no debt and no responsibilities. 1984-1990 Park City UT"
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07-21-2020, 02:03 PM #150
^^^^ good. if you work full time for any organization, regardless of your position, you should be paid a living wage without needing government assistance.
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