US Election 2020

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daveza

daveza

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Please can China develop a vaccine and get Trump to ask nicely for it.
 
konfab

konfab

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daveza said:
Please can China develop a vaccine and get Trump to ask nicely for it.
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Well they will have plenty of "volunteers".

Honestly, you shouldn't be too hopeful of them developing anything useful for medical science considering their government advocates for the use of bear bile to treat covid-19.
 
RanzB

RanzB

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Gnarls said:
Oh right, I remember her stellar reporting on muh Russia hey!
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Do you remember her reporting on the Bowling Green Massacre? :ROFL:

Shame, it must burn knowing how idiotic and hopeless that buffoon Trump is.
 
konfab

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She got a forgivable loan. Her employees hate her for it.



Among them, the bulk of funds must go toward payroll, salaries must remain intact and employee head count must not decrease. Businesses have until June 30 to rehire laid-off or furloughed workers.

Black-Lewis was trying to meet these rules, especially after her bank reiterated she must continue to pay workers for loan forgiveness.

The anger came from employees who'd determined they'd make more money by collecting unemployment benefits than their normal paychecks.
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https://www.cnbc.com/amp/2020/04/22...ction-loan-her-employees-hate-her-for-it.html


greg0205 said:
Buffered UIF? But... but... but... Then folk might take home a tiny bit more than they are now... And that might lead to them staying home rather than working.

I mean, just ask Lindsey, Ben and Rick.
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If only there was someone in this thread who pointed out that it is a bad thing if unemployment benefits are higher than people's salary...
 
greg0205

greg0205

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konfab said:
She got a forgivable loan. Her employees hate her for it.




https://www.cnbc.com/amp/2020/04/22...ction-loan-her-employees-hate-her-for-it.html



If only there was someone in this thread who pointed out that it is a bad thing if unemployment benefits are higher than people's salary...
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Adorable.

You don't realise it, but you're actually making the argument *for* a liveable minimum wage.

If the bailout money is better than what you're earning working five or six days a week, the problem is the wage, *not* the bailout.

Welcome to our side konfab, grab a cookie.
 
konfab

konfab

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greg0205 said:
Adorable.

You don't realise it, but you're actually making the argument *for* a liveable minimum wage.

If the bailout money is better than what you're earning working five or six days a week, the problem is the wage, *not* the bailout.

Welcome to our side konfab, grab a cookie.
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Wrong.
Government setting the price of labour is no different than them setting the price of an iPhone such that everyone can buy it. They will get it wrong, and when they get it wrong, more people will be unemployed.

Case in point is the Glorious People's Republic of South Africa. The government's new fangled minimum wage is R3500 a month. Here is the problem, the median wage is about R3000 (averages are not good measures when looking at an exponentially distributed effect like income). Which means that increasing the minimum wage will cause unemployment as the value that said workers are providing isn't worth the money to the employer in most cases. This is what happened in the months after they increased minimum wage.

The people who this impacts the most, are poor young people with no education, since the value they can provide an employer is below what is legally allowed. Something like negative income tax is far better if you actually want a welfare system that I would think would help people without screwing up economic incentives of employers or workeer.


What this bailout was showing, is that the unemployment benefits were not capped at the worker's salary/wage.
 
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