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Fed Chair Jerome Powell says 40% of households making less than $40,000 lost their jobs
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2020 May 15, 9:44am 868 views 8 comments
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1
WookieMan
2020 May 15, 9:58am
WookieMan
2020 May 15, 9:58am
And many are now likely making more than they were when they were working if collecting UE +$600 + stimulus. Good luck getting these people back to work.
2
Shaman
2020 May 15, 10:01am
Shaman
2020 May 15, 10:01am
WookieMan says
I have a nephew and a niece who are both making more on unemployment
And many are now likely making more than they were when they were working if collecting UE +$600 + stimulus. Good luck getting these people back to work.
I have a nephew and a niece who are both making more on unemployment
3
AD
2020 May 15, 10:05am
AD
2020 May 15, 10:05am
WookieMan says
That is why I wonder this is one reason why Mayor Garcetti of Los Angeles is dragging his feet on reopening Los Angeles.
And many are now likely making more than they were when they were working if collecting UE +$600 + stimulus. Good luck getting these people back to work.
That is why I wonder this is one reason why Mayor Garcetti of Los Angeles is dragging his feet on reopening Los Angeles.
4
SunnyvaleCA
2020 May 15, 12:49pm
It's also likely that those on the lower end of the pay scale also don't have a big rainy-day fund.
5
AD
2020 May 15, 12:52pm
AD
2020 May 15, 12:52pm
SunnyvaleCA says
They don't have hundreds of thousands of dollars in home equity. They don't have hundreds of thousands in a 401k, or tens of thousands in a savings account.
Yes, I agree. They were already on the socioeconomic margins.
It's also likely that those on the lower end of the pay scale also don't have a big rainy-day fund.
They don't have hundreds of thousands of dollars in home equity. They don't have hundreds of thousands in a 401k, or tens of thousands in a savings account.
Yes, I agree. They were already on the socioeconomic margins.
6
Ceffer
2020 May 15, 2:02pm
Ceffer
2020 May 15, 2:02pm
WookieMan says
Isn't that the goal: bring out the Hershey Bar Whore in the voting bloc?
And many are now likely making more than they were when they were working if collecting UE +$600 + stimulus. Good luck getting these people back to work.
Isn't that the goal: bring out the Hershey Bar Whore in the voting bloc?
7
clambo
2020 May 15, 2:18pm
Yes and they are all going to get $1200 in free money.
They also get $600/weekly Wuhan bonus on top of unemployment insurance money.
I’m not in favor of people suffering but cry me a river.
They also get $600/weekly Wuhan bonus on top of unemployment insurance money.
I’m not in favor of people suffering but cry me a river.
8
Booger
2020 May 15, 2:27pm
Booger
2020 May 15, 2:27pm
OccasionalCortex says
Those people didn't lose their job.
and retirement homes/elderly care facilities
Those people didn't lose their job.
https://finance.yahoo.com/video/fed-chair-powell-40-those-181750448.html
Most who make less than $20 an hour around here :
clean beach condos that are short term vacation rentals
work in restaurants and bars
work in local amusement parks, gyms, hair saloons
work in retail like Macys, Nike Store, etc.
work in dental offices