Heard of work-sharing programs? Here's how they work.
This would reduce their salaries to $700 a week. They would also get about $108 in state unemployment benefits plus the $600-a-week unemployment enhancement from the Cares Act.
The employees would get $1,408 a week under the work-sharing program, which is more than their typical paycheck and full unemployment . "This is a complete windfall," said Lowell Taylor, a professor of economics and public policy at Carnegie Mellon University.However, the program appears to be little-used.professor of economics and public policy at Carnegie Mellon University
Less than 1% — about 179,000 people — of the 31 million Americans collecting unemployment benefits are doing so through work-sharing programs, according to U.S. Department of LaborThat could be for several reasons. For one, just 26 states have operational programs in place, according to the DOL.And there's a caveat: The $600-a-week unemployment enhancement is scheduled to end July 31, absent an extension from Congress, which appears unlikely.
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