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The $600 was designed to, on average, set unemployment benefits across the country at 100% of income. While this varies by state and income, it generally overpays lower paid people (a good outcome in these circumstances). The first blanket $1,200 stimulus and any subsequent version is largely a waste. Demand didn’t collapse, people aren’t allowed to, or can’t, spend the way they want. Giving them more money won’t change that. Keep the $600 top off for unemployment and fully fund PPP so businesses can keep the lights on until everything reopens. https://www.nytimes.com/interactive/2020/04/23/business/economy/unemployment-benefits-stimulus-coronavirus.html?referringSource=articleShare
People are declining jobs because UE insurance benefits are too high.
Incentives matter.
Agreed, although that would require a level of federal and state cooperation that seems unlikely
I like it temporarily for people under a certain tax bracket but with stipulations. (Like children, healthcare, etc)
Give it to everyone, or nobody
My ex Gf is getting $1k/week unemployment right now. Not looking for a job because she doesn’t like working and she is single with no kids. Her expenses are less than $2k/month. Idk how we will get people back to work. So no I don’t think it’s needed.
This is temporary and they have to pay it back