Many servers and bartenders who have lost work amid the coronavirus outbreak are now contending with a challenging economic reality: how to make up for lost tips. Tipped employees are especially vulnerable who work paycheck to paycheck, the amount of unemployment benefits they can get has often been a fraction of what other workers can receive. The stimulus bill making its way through Congress this week will provide some much-needed
relief, including a $600 increase in weekly unemployed benefits, and
funds for those who normally struggle to qualify for unemployment. But a
four-month boost in benefits, as the bill stipulates, may be inadequate.
Is there going to be a shortage for unemployment benefits as more and more people file after the majority of businesses have stalled operations? What is enough to satisfy individual's needs?
4 comments:
I think that there will most definitely be a shortage of unemployment benefits because even now, there have been already 3.3 million Americans that have filed for unemployment and that is only a fraction of the people who are even able to file; due to overwhelming amount of people applying, there have been many issues with application crashes and system not working. Many of the unemployed, because of the coronavirus, have not even filed for unemployment yet so there may definitely be a shortage in resources and money in general.
Part of the large stimulus bill just signed by President Trump includes a lengthy focus on unemployment benefits. The bill promises to not only increase benefits, but also to make the system more efficient. Another concern that the bill is addressing is that it is providing unemployment insurance to self employed workers now, which is a step I think was critical to do right now, as many self-employed workers are hurting tremendously with this shut down. All we can do now is wait and see if the white house and capitol hill come through on such promises.
Personally, I believe that we are facing potential shortages in unemployment benefit programs. As America’s economic decline continues, we are expected to see an increase in unemployment benefit claims, and this increase will potentially limit the resources available within the various programs. As more people claim unemployment benefits, the government will need to pass new legislation and appropriate money to unemployment programs to help combat the potential challenges that people are facing in their daily lives.
Kyle, isn't the stimulus package the exact new legislation that you are suggesting they pass?
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