This is going to be a slow recovery. Because of the way the unemployment compensation has been structured a lot of people, who were working part time jobs, are getting more money on unemployment than they were from working. So there is a huge incentive to wait it out until they are sure the Chinese Cough is well and truly beaten. Why risk getting the WuFlu to go back to a $250 a week part time job when the government is willing to pay you $600 a month to stay home and play video games.
So even when the green light goes on small businesses are going to be creative in bringing back staff, unless the unemployment benefits are drastically cut. And politicians don't like to look like villains in an election year by cutting benefits.
This is going to be a slow recovery. Because of the way the unemployment compensation has been structured a lot of people, who were working part time jobs, are getting more money on unemployment than they were from working. So there is a huge incentive to wait it out until they are sure the Chinese Cough is well and truly beaten. Why risk getting the WuFlu to go back to a $250 a week part time job when the government is willing to pay you $600 a month to stay home and play video games.
So even when the green light goes on small businesses are going to be creative in bringing back staff, unless the unemployment benefits are drastically cut. And politicians don't like to look like villains in an election year by cutting benefits.