My local plumber can’t find anyone who will work. People would rather stay home on unemployment than work. Covid19 is creating a moral hazard that will destroy the country.
1 Like
Outcome of bad WH policies. Give doles to win votes. The right way is to subsidize the employers. Instead of giving $x to individuals, give $x to employers for each employee.
So there’s no more extension? Trump will lose in a landslide for sure then.
Remember to file your return before 7/15 folks!
The WH plan was loans to employers. Democrats demanded $600/wk extra unemployment. Congress has to pass the legislation. We aren’t a dictatorship.
Early retirement, how about financial independence?
Normal retirement is either 62 or 67 or 59.5, but company offers (very likely an option) to above 50s to retire early so that whoever opted gets some better cash, say 12 months of additional pay check !
Those who are financially independent choose to go for early retirement, get additional paycheck, it is voluntary early retirement system.
This is better than lay offs.
1 Like
I remember when the auto industry did a ton of these. Some were so short-sighted people got 2 years full pay and benefits, plus the time and age added to the pension calculation. Then they were hired back as contractors doing the same job. The main goal was to stop then from accruing even higher defined benefits from the pension.
3 Likes
Thanks for the insights Princess.
Ivanka Trump tells workers to ‘Find Something New’ — because old jobs aren’t coming back
She is honest, not like her father.
1 Like
She may be out of work soon.
seriously what an idiot. 
Apple too brutus !
1 Like
Who is Brutus?
When App Store started, 30% cut couldn’t break even. Wonder what is the number now? Assuming is profitable now*, how low can it go to break even i.e. revenue collected from paying Apps = cost of operating App Store (do bear in mind, there are many free Apps paying nothing).
Note: * Probably profitable since Apple didn’t use cost of operating the App Store as a defense
All big companies, in bay area, started lay off or store closures…to improve the profitability.
Even Apple, big cash hoarder, started doing the store closures, making use of current situations – that is why I called Brutus !
This is for operational efficiency, close the slow growth stores, save money and open it when growth comes back.
Where in the article does it say Apple is closing stores and laying off people? They’ve done temporarily closures in areas when coronavirus cases are too high. I don’t think they’ve permanently closed any stores. The article is about the App Store which isn’t even a physics store.
1 Like
Just talked to my UPS guys. They said they have never been this busy, ever. Their buildings are just overflowing with amazon boxes.
Bezos is going to the first trillionaire.
1 Like