Boots & Sabers

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Owen

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0945, 15 Jun 20

Kudlow: $600 Unemployment Add-on to End in July

Good.

Larry Kudlow, director of the National Economic Council, said Sunday that the $600 checks being sent to Americans on unemployment as part of coronavirus relief efforts are expected to end in July and called them a “disincentive” for people to get back to work.

“The $600 plus-up that’s above the state unemployment benefits they will continue to receive is in effect a disincentive. I mean, we’re paying people not to work. It’s better than their salaries would get,” Kudlow said on CNN’s “State of the Union.”

“That might have worked for the first of couple months. It will end in late July,” he added.

It’s an old saw about compensation plans… people will do what you pay them to do. If you pay people to not work, they won’t. I might do the same if faced with the choice.

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0945, 15 June 2020

5 Comments

  1. Kevin Scheunemann

    Good!

     

     

  2. Mar

    I know a few people who have refused to go back to work because of the $600. I know many employers are having a hard time finding employees. I am in Las Vegas right, almost all small business have help wanted signs.
    Why go to work when you can stay home and get paid a nice salary and not work.

  3. Mar

    Well, Le Roi, then you must be in terrible danger.
    You need to stop taking it immediately and I hope you do because I care about your safety.

  4. Le Roi du Nord

    mar:

    I don’t have coronavirus, and I am closely monitored by the rheumatologist for all the nasty side effects.  Unlike trump or folks like you that would take anything without any proof of effectiveness.  Big difference.  But a guy so highly educated as you, with decades in the medical field,  should know all that sort of stuff, right?

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