The $300 Unemployment Check Ends--What happens next?

[Elliott]

CNET: "Millions lose federal unemployment benefits today. Will they be extended?

With enhanced pandemic aid expiring, more than 11 million people will either get a smaller check or lose jobless benefits entirely.

Enhanced pandemic unemployment benefits, which include $300 weekly bonus checks as well as coverage for freelancers and the long-term unemployed, expire today. Over 11 million people will be affected, with around 7.5 million losing benefits entirely.

Some two dozen states chose to pull the plug on federal aid during the summer, with governors claiming that the extra unemployment insurance was disincentivizing residents from taking available jobs. Out-of-work residents in at least 12 states have taken legal action to try to get that pandemic relief aid reinstated, arguing that they've been unable to pay basic expenses, including rent."

Will they go back to work with 10-million job openings, or will we become a permanent welfare state?

 

[glenn walker]

Oregon-Washington-California are all ready permanent Welfare States. Have some peaceful protests

CNET: "Millions lose federal unemployment benefits today. Will they be extended?

With enhanced pandemic aid expiring, more than 11 million people will either get a smaller check or lose jobless benefits entirely.

Enhanced pandemic unemployment benefits, which include $300 weekly bonus checks as well as coverage for freelancers and the long-term unemployed, expire today. Over 11 million people will be affected, with around 7.5 million losing benefits entirely.

Some two dozen states chose to pull the plug on federal aid during the summer, with governors claiming that the extra unemployment insurance was disincentivizing residents from taking available jobs. Out-of-work residents in at least 12 states have taken legal action to try to get that pandemic relief aid reinstated, arguing that they've been unable to pay basic expenses, including rent."

Will they go back to work with 10-million job openings, or will we become a permanent welfare state?

 

[Charles West]

I think a lot of these people are working already and pocketing the unemployment at the same time. The rest are probably legitimately stuck home taking care of children.

 

[glenn walker]

It's hard to say but the problem is like most of what we have been doing we have no exit plan. We keep extending it many times but once you get used to getting X-$ Amount per month lets face it nobody wants to go back to work. Its a real mess and unfortunately I believe 2022 will be a year of reality for millions of people.

 

[George Hatch]

The silver lining is that putting so many people on the dole for 18 months while at the same time employers go begging proves that UBI does disincentivize people from working in exactly the manner its critics have been saying it will.

Thus ends the plausible deniability upon which the UBI advocates had based their arguments.

By the time these workers get forced back into the labor pool it might even have a negative effect on wages. In combination with an eventual end to the eviction moratorium it could even have an effect on rents.

 

[Mark K]

Less cash into the economy from the new unemployment welfare scheme coming to an end, evection moratorium ending, mortgage payment moratorium ending...should start to see mass evections and foreclosures in the not-so-distant future.

Makes one wonder how much of the current stock market run-up has been caused by Billions of $$ in extra consumer spending and Billions of $$ from UBI being dumped into the stock market via Robinhood, et. al. What happens when that money dries up?

 

[Chandler]

I guess I'll have to put down the video games and get back to work soon

 

[Bobby Bucks]

I predict the “workers” as the left so affectionately calls them will be about as motivated to go back to work as Captain Bligh’s crew were to leave Tahiti. I also predict Dogecoin will suffer when the checks stop.

 

[Terrel L. Shields]

Will they go back to work with 10-million job openings, or will we become a permanent welfare state?

There is hardly a place around here that isn't paying $14-18 an hour, including C stores, Wally World, Gates Rubber, and every chicken plant around. Carpenters even more, backhoe operators, heavy equipment $20-30 an hour. Truck drivers name your price. That's a minimum of $28k a year if only 2000 hours and many have overtime. Rent in this area is $1000 a month or less, some smaller apartments are $500-600/mo. There is no excuse for a healthy person not to be able to find a job. Are you married to some slow growth area? Move. And, of course, there are training programs for truckers, medical personnel, all sorts of specialty jobs. Office jobs at Tyson, Simmons, Walmart- not cheap pay.