For example, consider the case of two workers who each make $2,000 per week for working full time. If an employer had to reduce payroll by $2,000 per week, an alternate to laying off one of these workers would be to move both workers to part time status, with each earning $1,000 per week for working 20 hours. How this arrangement would affect benefits would vary by employer, but many furloughed employees currently keep their benefits despite having their pay and hours reduced to zero. … [Read more...] about Sharing your job with a coworker could help prevent more mass layoffs
Jobs that pay 5 000 a month
Verma, head of the Centers for Medicare and Medicaid Services, said 1,750 insurance plans that offer drug coverage to Medicare recipients have agreed to provide insulin for a maximum copay of $35 a month next year. It will be available through “enhanced” plans that can offer supplemental benefits. The cap on insulin copays is expected to lead to a small increase in premiums. … [Read more...] about Most Medicare enrollees could get insulin for $35 a month
She applied through the New York Department of Health and is completing a free online training course through the Johns Hopkins Bloomberg School of Public Health. The program launched last week, and the state has an ambitious plan to hire between 6,400 to 17,000 contact tracers. … [Read more...] about How everyday Americans have turned disease detectives — armed with a phone
The 1930s brought America’s turn to slip up. Job creation depends on employers, too. The big American error was the federal government’s decision to push companies to pay high wages just when, because sales were down and losses, up, companies could not afford higher wages. After the 1929 stock market crash, President Herbert Hoover bullied companies into paying higher wages on the theory that high wages would encourage workers to spend, and so stimulate the economy. Franklin Roosevelt compounded the higher-wage problem by signing into law a minimum wage as part of the National Recovery Act, as well as backing the Wagner Act, a strong union law that enabled unions to extract wage commitments. Companies in America did what companies in Britain had done before them: hired, or rehired, more slowly. Now the U.S. suffered its own decade of double-digit unemployment. … [Read more...] about No ‘dole’ for America: How to recover from COVID-19
While this time has proven that workers can be productive from home, said Andrew Hargadon, professor of technology management at the University of California at Davis, there's still value in being together in person, he said. Those accidental interactions in elevators and cafeterias or when grabbing coffee can still spark ideas. … [Read more...] about Big Tech was first to send workers home. Now it’s in no rush to bring them back.