This pandemic has shove unemployment up the worker’s butt and broke off……but Congress decided to step in an extend unemployment and try to help save the lives of laid off workers.
The problem is the bill that protected the workers is due to expire on 25 July, the CARES Act…….once it expires will Congress step up and protect workers again or will they decide to screw them hard like they do most of the time?
Some 25 million US workers are facing a reduction or outright elimination of a $600 weekly federal addition to state unemployment benefits when the supplemental payment authorized by Congress under the CARES Act expires on July 25.
In the midst of a raging pandemic and the worst economic crisis since the Great Depression, with at least 30 million out of work and new jobless claims surpassing one million a week, the supplement is all that has been keeping many families above water. Coinciding with the impending end of a federal moratorium on evictions and the expiration of state moratoriums, the cut in jobless pay will propel millions into destitution and homelessness.
One survey found that 37 percent of renters and 26 percent of homeowners feared they could be homeless by the end of the year. Researchers at Columbia University say they expect US homelessness to increase by 45 percent compared to 2019.
https://www.wsws.org/en/articles/2020/07/21/pers-j21.html
Since Congress only worries about party politics and could care less of the plight of the workers….I think they will find a way to screw those people that need help (as always)…..even economists see the need to extend the Act even the need to expand it a bit….
Congress is back in session, and it has a weighty task before it — figuring out what to do about the economy as COVID-19 infections spike across the country and states roll back their reopenings. One central point of tension: the $600-per-week supplemental unemployment insurance benefit that was enacted in March as part of the CARES Act and is set to expire on July 31.
Democrats have proposed extending the payment until jobless rates in states fall below a certain threshold. Republicans, meanwhile, are leery of continuing the full payments, saying they will discourage people from returning to work. And it’s true that research has shown that many workers are making more money on the beefed-up benefits than they would be at their old jobs.
Economists Think Congress Should Keep Paying Unemployed Workers $600 A Week — Or Even More
Time to end these damn wars and use the money saved where it is most needed…..in this country to help those that are paying for the wars.
I Read, I Write, You Know
“lego ergo scribo”
Reblogged this on Ned Hamson's Second Line View of the News and commented:
Time to end these damn wars and use the money saved where it is most needed…..in this country to help those that are paying for the wars.
TY…..chuq
I agree with nedhamson on this one but, as we all know, there is no way they are going to end their wars to do something else to benefit workers. I do support the idea of continuing the various government subsidies for the unemployed and those being made destitute by the coronavirus, but I also wonder whether or not such continuous subsidies are sustainable?
Of course not when we keep electing those slugs that are prostituting themselves to the M-IC…..chuq
The solution is to raise the minimum wage to living wage.. I have met and talked with hard working parents with children who have a job, or multiple jobs, but are homeless, because they cannot afford housing. And Section 8 is not enough to help them get housing. Landlords will not approve someone unless they make 300 percent more than the rent, and many renters are now paying 50 percent of their wages for rent.
Bingo… you are working, but homeless, because no one will approve you, because you do not make enough money on minimum wage to QUALIFY to rent from them.
A living wage is definitely needed…but as long as we have a GOP there will be no such thing. chuq
The short answer is that they will not be protected. The same thing is happening here.
Best wishes, Pete.
When will the workers wake up to the beatings they are taking? chuq