At 32 hours and $10-12 per hour, let use an average of $11/hr, that would be $11x32= $352. Ohio unemployment is 50% or $176/wk. Add in $600 per week and you get $776/wk or gross of $40,352/yr. Plus unemployment insurance payments are subject to income tax, but not FICA. Not sure where you get equivalent of a $70-80k income. Am I missing something?
Well, I we both missed something. I didn't realize that unemployment benefits were taxable, which would reduce it somewhat, and I should have said "about $800", not "about $900". What you were missing is that on top of the unemployment benefits, they get all the other entitlements, such as housing, energy, childcare, medicare, AFDC, etc. I don't claim to know or understand all of the programs out there. I have seen this chart, though, that was made using programs available in Pennsylvania about 8 years ago:
http://1.bp.blogspot.com/-fPe2_5TbYrU/UMlkiOHBgyI/AAAAAAA... In 2012, a single mom in Pennsylvania was better off to earn $29,000 than to earn $69,000, and earning $9,000 was almost the same as earning $29,000. Add in the extra payment of $600 a week, and it gets even crazier, even if the $600 is taxable. This is the kind of a crazy system you get when you pass a bunch of programs that are totally independent of each other, without thinking it through as a whole. Frankly, they should repeal all of them, and make one comprehensive, integrated program that makes sense, and provides incentives for people to try to get ahead, rather than creating a roach motel that gives people an incentive to stay trapped in the system.
Do you offer employees healthcare? That should keep them around; less money but cheaper healthcare might win out over more money but full price healthcare.
I offered it, and paid 50% of single coverage until about 2003 or so, but as the price went up, less and less people enrolled, and I no longer had enough for a group. Until I qualified for Medicare this year, I haven't even had health insurance myself or family for 15 years. BTW, that is not a complaint, I could not have gotten along any other way. I saved at least $150,000 by not having insurance, though there was was a lot of annoyance negotiating with doctors and hospitals along the way. It is quite surprising how much difference there is prices from one doctor to the next. For example, I needed an office visit with a specialist. The first one charged $550, and since I didn't have insurance, he would take 10% off if I paid up front, so $495. The second one (who was also the better doctor, in my opinion) wanted $300, with 50% off for not having insurance, or $150. Considering that if I had insurance, the doctor would probably have been paid $100 or so plus a co-pay, the one that wanted $495 was just ridiculous.
Last Edited: 3/29/2020 7:31:30 PM by L.C.