Over 40 million Americans are out of work due to the coronavirus pandemic, a record high.Ideas include extending ramped-up unemployment benefits and paying people to return to work.More than 40 million Americans filed for unemployment over the last three months. The unemployment rate as of April stands at nearly 15%.
The approaching end-date is setting the stage for a fierce debate among lawmakers over how to mitigate the economic fallout of the pandemic and preserve vanishing jobs. Democrats want to extend those ramped-up payments into next year.But Republicans argue the increased benefit disincentivizes work since it allows half of the labor force to collect more on unemployment than at their old jobs.Extending the $600 boost in weekly unemployment benefits through the end of January.
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