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stopbush

(24,719 posts) Mon Jul 27, 2020, 12:35 PM Jul 2020

Rs want to pay 70% of earnings for unemployed. Did they think this through? [View all]

Let’s say you live in CA and make $150,000 a year. 70% of $150,000 is $105,000, or $2019 a week.

The max UI benefit paid by CA is $450 a week. That would mean that the Feds would need to pay out $1569 a week in UI benefits for such an earner to receive 70% of their salary. That’s about 2.5 times MORE than the $600 a week the Feds are currently paying out. BTW, such an earner currently receives about 52% of their wages On the combined CA + Fed benefits. They’d love to get 70%.

The devil is in the details.

36 replies

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Rs want to pay 70% of earnings for unemployed. Did they think this through? [View all] stopbush Jul 2020 OP

I don't know any folks who make the amount you indicated Sherman A1 Jul 2020 #1

I've made that much in my career. A six-figure salary In CA is fairly common. stopbush Jul 2020 #2

This message was self-deleted by its author Sherman A1 Jul 2020 #3

Perhaps it is Sherman A1 Jul 2020 #9

Lucky. With that income you probably have a nice 401K and some savings LakeArenal Jul 2020 #29

Mnuchin says GOP plan for unemployment extension will be based on '70% wage replacement' MrsCoffee Jul 2020 #4

You see it as an absolute percentage figure... he means it as a cap FBaggins Jul 2020 #15

Bet it'll be something like durablend Jul 2020 #22

I expect it to be a flat amount FBaggins Jul 2020 #27

Here's a link House of Roberts Jul 2020 #6

Could there be a cap, like there was a ceiling for people to receive stimulus checks? nt Mike 03 Jul 2020 #5

+1 uponit7771 Jul 2020 #8

Sure, but a cap on high-wage earners rather negates the rationale stopbush Jul 2020 #10

I'm not arguing with your point, just trying to figure this out. Mike 03 Jul 2020 #30

But should any level of earner be made to suffer due to tRump's massive fuck up? stopbush Jul 2020 #32

All fair points. Mike 03 Jul 2020 #33

I agree that this might not be what they intended. But it is a more equitable solution Buckeyeblue Jul 2020 #7

Yes, and the more-equitable solution would have lots of money flowing stopbush Jul 2020 #12

Yes it is. The biggest thing is to get Bill's paid and to get money flowing to businesses. Buckeyeblue Jul 2020 #20

They'd still top it out Johnny2X2X Jul 2020 #11

We're in the same boat. My CA weekly benefit is only $167 as I filed off a 1099. stopbush Jul 2020 #13

This sheds light on how ridiculous UE pay is Johnny2X2X Jul 2020 #19

"this has disaster written all over it" Mike 03 Jul 2020 #16

Reps in Congress are totally tone deaf on this Johnny2X2X Jul 2020 #21

There are many reps in Congress.. stillcool Jul 2020 #26

For minimum wage in states like Texas, where the minimum wage is $7.25/hr. dlk Jul 2020 #14

The usual is 47% of salary. This is going to kill us. Luz Jul 2020 #23

Whatever they may have been in the past, today's Republican Party is a death cult dlk Jul 2020 #34

By several accounts it will take states 6-20 weeks to figure, program, and distribute at 70% underpants Jul 2020 #17

Here's a thought: adjust the amount state by state based on median income in stopbush Jul 2020 #25

That's actually a good point underpants Jul 2020 #28

Rural FL compared to SOFL obamanut2012 Jul 2020 #31

There are a lot of states that still haven't sent out the flat $600 MoonlitKnight Jul 2020 #35

Hey wait! underpants Jul 2020 #36

That income is low in the high tech job space RainCaster Jul 2020 #18

Indeed. I picked $150,000 as an example, because the high-wage earners stopbush Jul 2020 #24