Why Bobby Van's Steakhouse says unemployment insurance is slowing its recovery

[Bklynball]

Originally Posted by Satyrical

I wonder the unemployment benefits are also impacting the jobs paying 60-80k? Are they having a hard time finding qualified workers as well? Also why don't employers just report the employees that don't go back to work? They offered them a job and they declined, so that should terminate their unemployment. It seems like the employers are the problem not the amount of UE benefits.

During the first federal add-on of $600/week it may have been as some UI's payouts were equivalent to the $50-$60K range in an annual basis.

With the $300 federal add-on currently, I don't think it's impacting many that are making north of $60K but there are a lot of nuances to everyone's situation.

In some of the higher paying UI states, the current equivalent is about $40K/yr when the federal add on is taken into account.

Also, the feds and some states aren't taxing UI benefits so if you take that into account, UI is even more incentivized.

[Kefir King]

Oh, all those LUCKY unemployed people working for Her Majesty Marie Antoinette.

[Bklynball]

Originally Posted by Kefir King

Oh, all those LUCKY unemployed people working for Her Majesty Marie Antoinette.

When people survive on a few $'s a day in abject poverty in many parts of the world, I'd say that all of us are lucky.

People like you lionize poverty, instead of encouraging people to improve their situation.

There's no shame in poverty. There's no virtue in it either.

[IForgotMyOldAccount]

Originally Posted by Llol45519

What's a living wage for a family of four? Certainly not $15/hr. Maybe triple that. Your steak just went up in price, alot.

I think NYC restaurants allowed to pay less? yeah looking at it they can pay 10/hr and tips make up the rest for $15/hr

hmm yeah.....cmon folks thats not right

[IForgotMyOldAccount]

Its NYC and eating out expensive plus tipping common so more than likely we are subsidizing their pay....