Originally Posted by
kss
"The loan went through for the company so we're looking to call our people back from unemployment. The problem is that they can make more on unemployment and are reluctant to return. They company has got to figure out how to finesse this. There may be a bunch of people losing their jobs."
Yea this is going to be a reality for a ton of people.... why would anyone WANT to work, and but themselves and their family at risk of exposure, when instead they could just not go back to work, and get paid more for doing so.....
"The loan went through for the company so we're looking to call our people back from unemployment."
Yea the key would have been not laying people off at all, cause then you could use the loan for payroll, and get it 100% forgiven, essentially making paying your employees free for you for as much as you take the loan for. Sure people could have quit, but then they would be in-eligible for unemployment of any kind. Anyone that kept their employees on the payroll the whole time essentailly has them trapped because if the employee quits, they get no unemployment.... thats why a ton of employees are begging to get layed off so they can collect more unemployment than they make working, and not have to work and not be exposed to the public.... its a strange predicament.
"We have central heat but i much prefer the wood stove. Last time i ran the numbers ... our firewood was less than 20% of the cost of heating with oil. "
I have oil heat and wood fireplaces. We dont use the fireplace, even though we do have a ton of wood stowed away just incase we would NEED to at some point. Our oil boiler is pretty new and efficient. We only spent about $600 on heating oil (for house heat and hot water), although it was a warm winter this year.
"My guess would be that any job will be a precious commodity once we get on the back side of this. If you've got a job now ... you want to protect it at all costs."
I would think this could or could not end up being true. If everything is allowed to open up, there is going to be a couple months that no one wants to go back to work (due to making more on UI), so job demand will be super high, plus job demand was very high before corona, so we could go back to that once the corona passes.