I've heard more and more anecdotal stories from owners and managers of small businesses having trouble re-hiring employees lately, given they are competing with enhanced unemployment benefits, which in some cases are now paying people more on an adjusted basis, than they were making while working.
Interestingly, Montana is now the first state to recognize what some lawmakers (and a lot of economists) said when this part of the stimulus bill was passed. We're disincentivizing work. Montana is eliminating the enhanced unemployment benefit, and is instead, using stimulus funds to provide bonuses to out-of-work citizens who take a job (and keep it).
www.wsj.com
The fact we are paying effectively $22/hr (effectively $48K per year when adjusted for full-time employment) for people to not work while the economy is opening back up, is just absurd.
Interestingly, Montana is now the first state to recognize what some lawmakers (and a lot of economists) said when this part of the stimulus bill was passed. We're disincentivizing work. Montana is eliminating the enhanced unemployment benefit, and is instead, using stimulus funds to provide bonuses to out-of-work citizens who take a job (and keep it).
Opinion | Montana to Feds: No More No-Work Bonus
The Treasure State will refuse extra federal jobless payments.
www.wsj.com
The fact we are paying effectively $22/hr (effectively $48K per year when adjusted for full-time employment) for people to not work while the economy is opening back up, is just absurd.
