Extending unemployment benifits will be a killer for jobs. There’s no incentive for a person to go to work when they’re getting an extra $600 week for doing nothing. Making $880 a week in unemployment there’s no way to entice someone making less than $22 and hour to come to work.
A friend of mine runs a business in LA. The employees are collecting their $600 per week unemployment, but my friend pays them cash to show up and work.
Businesses that can’t entice employees back like my friend has are going belly up – killer of jobs, indeed. And knowing that the Feds can offer unemployment like this anytime there’s a “crisis” acts as a disincentive to prospective business owners.