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HWA

Joined: 01/05/2001 Posts: 5542
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Good story in CNBC, about an owner who got loan, and employees pissed.


When Black-Lewis convened a virtual employee meeting to explain her good fortune, she expected jubilation and relief that paychecks would resume in full even though the staff — primarily hourly employees — couldn’t work.

She got a different reaction.

“It was a firestorm of hatred about the situation,” Black-Lewis said.

The animosity is an unintended consequence of the $2.2 trillion coronavirus relief package enacted last month.

(In response to this post by IB4TECH)

Link: https://www.cnbc.com/2020/04/22/she-got-a-paycheck-protection-loan-her-employees-hate-her-for-it.html


Posted: 04/23/2020 at 09:40AM


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Current Thread:
 
  So now some people are making more money than they would normally be -- IB4TECH 04/23/2020 08:01AM
  Hearing that asserted rather loudly around the halls -- typed by ben 04/23/2020 10:33AM
  This money is too buy us time -- armyhokie88 04/23/2020 09:57AM
  Good story in CNBC, about an owner who got loan, and employees pissed. -- HWA 04/23/2020 09:40AM
  What the f' would I do w more $$$ rite now??? -- banishedtothelounge 04/23/2020 09:02AM
  If things reopen in June or so, there won't be anyone to staff a whole lot -- reestuart 04/23/2020 08:43AM
  Yeah, we have some guys saying that they would make more money if they -- Tank 04/23/2020 08:06AM
  If true than they were not being paid enough. Its not like they are getting -- UTPr0sim 04/23/2020 08:33AM
  Was this TIC? Do you know Tank's company, location, etc? -- HWA 04/23/2020 09:46AM
  Yeah, I decided to let that go. -- Tank 04/23/2020 10:12AM
  $18-$25/hour ** -- Tank 04/23/2020 09:07AM
  Quick math says at $25/hour on a regular 40 hr work week... -- vthokieq 04/23/2020 09:18AM
  Thanks.That's crazy. Of course, it doesn't take into account OT, but still. ** -- Tank 04/23/2020 09:22AM
  "Break even" is $30/hr or around $62k salaried. -- vthokieq 04/23/2020 09:34AM
  I thought break even was $52k or $1000 a week? -- Nova Hokie 95 04/23/2020 09:58AM
  No...I did that math above. -- vthokieq 04/23/2020 10:13AM
  Where are you seeing UI at $500 a week pre COVID? -- Nova Hokie 95 04/23/2020 10:22AM
  I used 50% wages. I'm not getting into every nuanced detail of... -- vthokieq 04/23/2020 10:26AM
  $10-20k a year is hardly a mere detail -- Nova Hokie 95 04/23/2020 10:29AM
  If you'd like to give us a state by state breakdown.. -- vthokieq 04/23/2020 10:32AM
  The break even point is much higher than you think. Nowhere near poverty. ** -- reestuart 04/23/2020 08:46AM
  This discussion always reminds me of the scene from -- HokieForever 04/23/2020 08:16AM
  I have 2 friends making more from unemployment than when working. -- BobG 04/23/2020 08:15AM
  Socialism is great until you run out of OPM ** -- Hokie1992 04/23/2020 08:49AM
  That situation is temporary and planned -- Nova Hokie 95 04/23/2020 08:36AM
  How is that possible? My anecdote is that they are making roughly half -- jmanatVT 04/23/2020 08:33AM
  It's the 600 extra prob ** -- bigbadbird 04/23/2020 08:38AM
  Oh right, that makes sense. ** -- jmanatVT 04/23/2020 08:57AM
  Yeah, the extra $600/week is the real kicker.** -- reestuart 04/23/2020 08:44AM
  If they were paid $10 per hour or less than maybe.... ** -- UTPr0sim 04/23/2020 08:34AM
  $15/hour would see a 50% increase on unemployment. -- vthokieq 04/23/2020 09:16AM

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