The $600 weekly pandemic unemployment payments now make up about 15% of the nation's wages — and have supported many Americans' basic needs. 'It's really been the federal stimulus money that has kept renters in their homes,' one nonprofit CEO says.
"I felt very angry," she says."I have to go to work. And I make less money, being essential. $600 a week — that's almost the whole paycheck for me. Even with hazard pay, I still don't make that much money."
Last year, when Democratic presidential candidate Andrew Yang proposed a payment of $1,000 a month to every adult in America for losing jobs to technological advances such as automation, his rival 2020 candidates. Yang called it universal basic income, the premise of which is to alleviate poverty and stagnant wages for those who lose jobs for no fault of their own, while providing economic stimulus to American businesses.
By no stretch of the imagination is $600 a week — which works out to about a little more than $30,000 a year — a luxurious income. Of particular worry is that lower-income households and women are being disproportionately affected by COVID-19 job losses. Research from the University of Chicago shows that overthe job losses
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