First the good news. After 4 September, we are FINALLY ending the federal “stimulus/unemployment” payments. It’s time to get people returning to the job market.
But, sadly, I don’t think that — as a result — everyone will be returning to work. This is ironic — as Labor Day is coming up this weekend.
Many “unemployed” may already be working — but not on the books. They are getting comfortable in the subsidized underground economy.
Working in the cash economy (or not working at all) will remain popular as long as all the OTHER benefit programs pass out free goodies. People today know much more about how to get (and STAY) on the dole than they knew in pre-COVID days. And few states are more anti-employment than California.
At this stage, CA will still pay the STATE unemployment benefits —up to $450 a week— $23,400 annually. No social security and other payroll deductions. No state income tax. Apparently the recipient does not even need to pretend that they are seeking… Read More