Could Unemployed Americans Get Paid to Return to Work?
Between mid-March and May, millions of Americans were forced out of work by COVID-19. But now that the country is largely reopening and jobs are getting added, it begs the question: Will unemployed Americans actually want to go back to their employers?
Ever since the CARES Act was passed, unemployed workers have been eligible for a $600 weekly boost in unemployment on top of their regular benefit. As such, some people have actually been earning more money on unemployment than they did at their previous jobs. And while that $600 weekly boost is set to expire at the end of July, lawmakers are pushing to extend it all the way into January of 2021. In fact, retaining that weekly unemployment boost is one of the most notable provisions of the HEROES Act, which also calls for a follow-up round of stimulus payments.
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Source Fool.com
