New Study: Through CARES Act, 68 Percent of Workers Receive Benefits Greater Than Lost Earnings

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“What is more, the authors of the paper show that the average benefit is 134 percent of lost earnings with the bottom 20 percent of earners receiving as much as 200 percent of lost earnings. In essence, anyone earning about $1,000 per week or less receives more in unemployment benefits than from working.

Basic economic theory tells that it will be hard to see substantial decreases in unemployment until the end of July when the $600 is set to expire.”


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