Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

[Jimjamesak]

You don't truly work in aviation until you cash your first unemployment check...

The stability of the cargo side is a real anomaly huh?

I’m not too worried. A) This country still has to ship stuff in from China despite terrible efforts and B) I have enough of a seniority cushion to absorb potential layoffs/furloughs. Plus we have a ton of people quickly approaching retirement. The one thing I worry about is my shift hours switching to something terrible again, I spent 10+ years working crappy shifts to finally get my decent spot I have now.

Though, things are likely to get real bad up here with all the COVID-19 related stuff, oil prices tanking, and tourism (especially cruise ships) dropping like a rock.

[Handyman]

SIP ur doin it wrong

We have a big back yard cause we are White Liberal Suburbanites

[aparch]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Another 6.6 million new initial jobless claims today.

[MissThundercat]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

And in Michigan, we're experiencing delays on our unemployment checks. Some people filed three weeks ago and haven't gotten anything yet.

[Deutsche Gopher Fan]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

6.6m new unemployment claims

[ScoobyDoo]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

6.6m new unemployment claims

Thanks goes to Dump. It's of his making.

[St. Clown]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

6.6m new unemployment claims

Fake news!

?

[SJHovey]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

wife and I are both state employees. We're not really worried about layoffs especially for our positions (she's 10 years in, union covered, and in a constitutionally required job; I'm at-will but my position is revenue neutral for my agency), but are fully expecting furloughs the 2nd half of the year once the budget numbers come back. Which, I guess if there's a year to have furloughs, it's during a 27-paycheck year.

Can you be unemployed if you still have a law license?

[dxmnkd316]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Another 6.6 million new initial jobless claims today.

That was... a lot more than expected...

[Deutsche Gopher Fan]

That was... a lot more than expected...

And I still think corporate America has barely begun to dump its white collar workers. I think it gets way worse

[aparch]

And I still think corporate America has barely begun to dump its white collar workers. I think it gets way worse

Agree. There are currently ~17 Million people who filed for unemployment in the last three weeks, and that's mainly service industry employees from businesses that didn't want to wait it out.

There are a lot of white collar people working from home that companies could now see as expendable.

[RaceBoarder]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Coming into this week, I have been averaging 80 hours + 20-26 hours OT on each 2 week paycheck. I had just 2 hours OT this past week. Being food distribution we're still nowhere near layoffs, but it's a noticeable reduction in hours.

It's also interesting to note that my job will lose 90% of hires before they hit 90 days (majority are people simply walking away because they don't want to work in a fridge/freezer environment. Not showing up (you are terminated on a 3rd late/call off in first 90 days) and being a buffoon with a forklift also take out a small portion). I wouldn't be shocked if the office people are licking their chops at the idea of a downturn simply for the fact that they may be able to get a slight uptick in people who will be both competent AND willing to do the job.

[Handyman]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Another 6.6 million new initial jobless claims today.

This is why The Senate was trying to push through the extra cash for SBA so fast. They must have gotten wind the number was going to be huge.

Short Term UBI might be the only way out of this. Even states with a decent set up for unemployment like Minnesota are having issues. The system isnt built for this many people this fast.

[ScoobyDoo]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

This is why The Senate was trying to push through the extra cash for SBA so fast. They must have gotten wind the number was going to be huge.

Short Term UBI might be the only way out of this. Even states with a decent set up for unemployment like Minnesota are having issues. The system isnt built for this many people this fast.

Yet we've known for a long time this could happen. Good thing we got that tax cut through. I don't know what we'd do without that.

[aparch]

This is why The Senate was trying to push through the extra cash for SBA so fast. They must have gotten wind the number was going to be huge.

Short Term UBI might be the only way out of this. Even states with a decent set up for unemployment like Minnesota are having issues. The system isnt built for this many people this fast.

And one third of renters missed making their rent this month.

And there is talk among economists that the housing market is showing signs of collapse, coupled with banks being too busy making loans to small businesses and not able to take on mortgage loans.