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comment by uhsguy
uhsguy  ·  1643 days ago  ·  link  ·    ·  parent  ·  post: Unintended Consequence; I'm getting a raise

For the next week right? After that the 600 gets cut off or is it next 5 weeks?





kleinbl00  ·  1643 days ago  ·  link  ·  

July 31, unless we throw more money at it.

goobster  ·  1643 days ago  ·  link  ·  

Yeah, the program may continue, but my company's plan is to end it on July 31.

kleinbl00  ·  1643 days ago  ·  link  ·  

July 31 is the federal drop-dead date. The CARES act provides an additional $600 of federal funds for unemployment claims for the thirteen weeks starting March 25, backdated by a couple-three weeks if I recall correctly. Either way, party's over, masks are off, COVID has been eliminated and America has been Made Great Again.

Shit's all spent anyway

uhsguy  ·  1643 days ago  ·  link  ·  

Great unraveling was on temporary pause till after the 4th of July fireworks. The question is what’s next... I’m assuming some form of stagflation - wages going down prices going up. We’re already seeing 50% cost increases in child care 20-30% in food and I expect other shit to cost more soon. There may be a temporary blip where a bunch of assets show up on the market as people liquidate or go bankrupt but that will clear and new stuff will come with a hefty price increase.