Better to tear the bandaid off now and get it over with. As long as they get an extra six hundred a week there is no incentive to go back to work. When people realize the $600 is gone they will find work. As long as it is continued they will be happy to stay at home.
I think that unemployment numbers are going to remain high for a long time. Businesses that survived have learned to adapt with fewer employees. Service sector is either nearly entirely shut down or capacity and time limited so they don’t need as many staff - and even if re-opened hard to know how many people are willing to jump right into crowded bars and restaurants (the younger set maybe, but without the $1200 a week can they afford it?). Many have realized they actually can work from home, they don’t need to pay rent on an office - bad for landlords and those who service commercial properties... and so on.
Good opportunities ahead for those with savings, I suppose, to start their own businesses. But that’s a process and always a risky one especially in the medium term until people feel confident in a recovery.
They ain’t gonna find work
This ain’t January
Restaurant Association thinks 60% of restaurants will be closed forever and that is just for starters.
I sell freakin coffee and what was an easy job is now incredibly hard...
So Romney’s plan will cause disincentives to work for a living, causing people to get used to staying home and demanding more government money. Socialism.
Is that man Romney an American Hero or what?
My choice: what.
Reducing the unemployment benefit will definitely hurt trumps chances.