A Record 3.3 Million Americans Filed for Unemployment

Timeaisis

Member
Oct 25, 2017
5,154
Austin, TX
I mean...this is how we've decided to handle social safety net (not the best solution, but it's what we got right now), so it's on one hand it's good to see this giant spike, even though the number is incredibly scary, because it means people are taking advantage of it.

Anecdotally, I know people who have laid their workers off instead of furloughing them for the express purpose of allowing them to apply for unemployment with the intent to re-hire them when this is all over. It's a dumb solution, but it's a solution. Not trying to spin this as a good thing in any way, but just trying to downplay the shellshock. Everyone becoming unemployed at once is unprecedented...and we are using this system to allow workers to continue to make make ends meet in this weird uncertain time. I can only hope this plus the stimulus let's people get by...something tells me it won't, but it's a start, I guess.
 
Oct 25, 2017
8,363
Atlanta GA
So just to put it into perspective...

- Over half of the people in the US with health insurance get it exclusively from their jobs.
- COVID-19 causes unemployment numbers to skyrocket into record numbers, mirroring the Great Depression.
- Millions upon millions of people are now without health insurance.
- COVID-19 testing and treatment without insurance is a spiraling debt pit, scaring many into not seeking healthcare even with possible symptoms out of fear of bankruptcy.

This is, without a doubt, one of the biggest examples of why Medicare For All should be an absolute requirement in the US.
Of course it is but it's just so fucking absurd that it took until this point for more people to understand.

You could replace COVID-19 with pretty much *any* health issue that masses of people face. But Republicans and moderate dems think "well, millions of people have (access to but can't necessarily afford) healthcare! Surely that's just good enough!"

We can only hope when this is over that those people preventing something like M4A are either out of office, have had their minds changed, or are dead.
 

Apharmd

Member
Oct 25, 2017
5,481
We are headed for an honest-to-God depression. I wonder, though, recovery might not be so time-consuming since this is, at least in the short term, tied to the outbreak?

So just to put it into perspective...

- Over half of the people in the US with health insurance get it exclusively from their jobs.
- COVID-19 causes unemployment numbers to skyrocket into record numbers, mirroring the Great Depression.
- Millions upon millions of people are now without health insurance.
- COVID-19 testing and treatment without insurance is a spiraling debt pit, scaring many into not seeking healthcare even with possible symptoms out of fear of bankruptcy.

This is, without a doubt, one of the biggest examples of why Medicare For All should be an absolute requirement in the US.
I don't know, I was told that the COVID-19 panic response was a totally separate issue from M4A...
 

PMS341

Member
Oct 29, 2017
4,484
Of course it is but it's just so fucking absurd that it took until this point for more people to understand.

You could replace COVID-19 with pretty much *any* health issue that masses of people face. But Republicans and moderate dems think "well, millions of people have (access to but can't necessarily afford) healthcare! Surely that's just good enough!"

We can only hope when this is over that those people preventing something like M4A are either out of office, have had their minds changed, or are dead.
Oh I completely agree with you. My father's end of life treatment was cut short due to insurance premiums, and it drained him of everything he had before that. Medicare For All should be a no-brainer and something genuinely everyone should strive to want. Of course, you'll always get disingenuous claims of "It'll never pass!" from people who are perfectly fine with the current system (or a slightly altered one that still favors insurance companies over poor people), but it's a fight not worth giving an inch on, imo.

I don't know, I was told that the COVID-19 panic response was a totally separate issue from M4A...
"N-no one actually likes Medicare For All! It just isn't popular!" is a take I've seen too many times. As the above poster mentioned it's absolutely insane it took a worldwide pandemic for people to realize how terrible of an idea it is to link health insurance to employers, especially when a good amount of the workforce is about to lose said insurance when they would need it the most.

Half of Americans support Medicare for All amid the coronavirus pandemic, new poll finds
 

clevbrowns95

Member
Nov 8, 2017
2,677
Trump is going to start blaming the states and governors. Especially NY and CA. He’s been laying the groundwork all week.
He can try. But it looks like things are picking up pace in Florida (over 2 thousand cases), and things are bad in Louisiana and may get bad in Texas too. So if red states like Florida and Texas are forced to shut down, then his whole blame blue states crap is going to look dumb like the rest of his virus response.
 
Mar 3, 2019
799
I mean, thats what happens when you tell all businesses except essential ones to close for long periods of time. This shouldnt come as a surprise to anyone whatsoever.
 

cameron

The Fallen
Oct 26, 2017
10,929
Oct 25, 2017
5,837
The Ocean
Add 300 more to the list


On Tuesday morning, around 100 TripActions customer support and customer success team members dialed into a Zoom call. Many joined the call happily smiling, expecting another team meeting or bonding activity amid the new work from home culture. Instead, according to people on the call Protocol spoke with, their boss launched into a spiel about the economy and coronavirus.

Then she announced that everyone on the call was being laid off.


"People were crying and people were panicking," said one employee who was abruptly let go on the videoconference. "It was like 100 different videos of just chaos."

The workers on that call represent around one-third of the people TripActions laid off on Tuesday. The company confirmed it let go of nearly 300 workers, around a quarter of the total staff, with layoffs hitting customer support, recruiting and sales the hardest, according to several current and former employees Protocol spoke with. "While we were fortunate to have recently raised funding and secured debt financing, we are taking appropriate steps in our business to ensure we are here for our customers and their travelers long into the future," TripActions said in a statement. "We've cut back on all nonessential spend and made the very difficult decision to reduce our global workforce in line with the current climate."
Yeah, firing people is likely to happen during a pandemic but

TripActions employees Protocol spoke with felt blindsided as they joined the calls, despite the sector movement toward layoffs. The company had seemed flush, having previously raised around $480 million in venture capital from blue chip investors like Ben Horowitz at Andreessen Horowtiz and Lightspeed, according to PitchBook. In February, it also reportedly closed a $500 million debt facility to build out its corporate travel card, according to TechCrunch.
Unbelievable cruelty.
 

Durden

Avenger
Oct 25, 2017
4,916
I’m just waiting until this bill goes through so I can file myself. Never have and hoped I never would have, but here we are.
 

JeTmAn

Member
Oct 25, 2017
3,376
Except the Great Depression sustained unemployment rates in the 15%-25% range for 10 years. We've seen a week. Let's not get ahead of ourselves.
This isn't normal unemployment, either. There's nothing fundamentally unsound about the industries affected. Most of those jobs will come back once the virus is under control.
 

Fallout-NL

Member
Oct 30, 2017
2,660
Worse since we still had things open and a workforce in 2008.

This is Great Depression 2.
Recession? We are looking at potentially 30-40% unemployment. The great depression peaked at 25%
Oh for sure, this is the other shoe, except the shoe is a steel toed boot.

Except the Great Depression sustained unemployment rates in the 15%-25% range for 10 years. We've seen a week. Let's not get ahead of ourselves.
This isn't normal unemployment, either. There's nothing fundamentally unsound about the industries affected. Most of those jobs will come back once the virus is under control.
Taking the longer view though, it's not unlikely.
 

digitalrelic

Weight Loss Champion 2018: Biggest Change
Member
Oct 25, 2017
3,934
This isn't normal unemployment, either. There's nothing fundamentally unsound about the industries affected. Most of those jobs will come back once the virus is under control.
Yep. I'm as scared as anyone but this forum sure likes to sensationalize and fear monger sometimes.
 

tomaxv

Member
May 27, 2018
5

Timeaisis

Member
Oct 25, 2017
5,154
Austin, TX
This isn't normal unemployment, either. There's nothing fundamentally unsound about the industries affected. Most of those jobs will come back once the virus is under control.
Yeah, I don't understand why people are panicking about this. What did they expect? People to somehow still work during this? This is the easiest way for people to keep getting paid.

Will all these jobs come back? No. Does this mean all these people will be perpetually unemployed for the rest of the year? No. Unemployment claims aren't a curse, they are a remedy.
 

Mammoth Jones

Member
Oct 25, 2017
6,657
New York
This pandemic is a once-in-a-century, global catastrophe. There's not going to be anything "quick" about the recovery from this, no matter how much we want it to be so. You're looking at years for getting back to commensurate levels--if we're lucky.
This. I’m just kinda baffled there wasn’t a contingency plan for such a wild card. Global pandemic might be something governments should have backup plans for. Instead we kinda just making up bullshit as we go along so politicians can save face.
 

antonz

Member
Oct 25, 2017
2,638
This. I’m just kinda baffled there wasn’t a contingency plan for such a wild card. Global pandemic might be something governments should have backup plans for. Instead we kinda just making up bullshit as we go along so politicians can save face.
To be fair the US Government does have procedures, plans etc. The Trump Administration just does not give a fuck because "My Election!" Federal Guidelines for instance state the Masks etc. should have been ordered 2 months ago instead of last week.
 

Mammoth Jones

Member
Oct 25, 2017
6,657
New York
To be fair the US Government does have procedures, plans etc. The Trump Administration just does not give a fuck because "My Election!" Federal Guidelines for instance state the Masks etc. should have been ordered 2 months ago instead of last week.
Ah, thank you for reminding me of that. God damned shame and this should be stressed in the media - President Tiny-Hands McFuckFace decided to ignore protocol and just do his own thing. Brilliant. So much winning.
 

Denman

Member
Apr 21, 2018
4,125
On the bright side, maybe this crisis will frontload the job losses in the beginning of the recession, and recover somewhat quickly. Unemployment peaked nearly a year after the 2008 financial crisis happened, if I remember correctly. That was a slow bleedout. This time the job numbers could begin climbing around May or June.
I don't know if I follow. Why would job creation start in 4-8 weeks? That seems to go against everything I've heard regarding the pandemic.