A fundamental disagreement has prevented Congress from reauthorizing the extra $600 in weekly unemployment benefits that lapsed last week.
Treasury Secretary Steve Mnuchin, the Trump administration’s lead negotiator for a new relief bill, said Sunday that he and his fellow Republicans agree on the “concept” of enhanced unemployment, but they “want to fix the issue where in some cases people are overpaid and we want to make sure there’s the right incentives.”
In other words, Republicans believe the extra $600 is too good, and it’s creating a disincentive for workers to go back to their jobs ― meaning it’s burdening low-wage employers, who would have to raise their pay to compete with the benefits.
Democrats think the extra money is appropriate, since it reduces material hardship while allowing people to stay home and avoid being exposed to or spreading the coronavirus. For many workers, the extra jobless benefits do pay