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News & Current Events (Articles Required)
Some employees upset with employer for taking payroll protection loan--make more on unemployment.
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<blockquote data-quote="tall73" data-source="post: 74925231" data-attributes="member: 125574"><p>We had an earlier thread where a business owner was trying to decide whether to take a loan. My son works in a blue collar field which to my thinking is on the border of essential, but managed to get permission. But most of the similar businesses in the area closed.</p><p></p><p>I suppose he could make more money on unemployment. He would rather work as he just got a promotion and wants to keep impressing the management.</p><p></p><p>However, there are clearly some tough decisions for the company. His company is picking up clients from those that closed. So if they make it through the pandemic without closing they may take business away long-term from other companies. And some of those that decided to close may never re-open.</p><p></p><p>The business may also need to pay building rent, maintain any loan re-payments, etc. so it is in their interest to take the loan.</p><p></p><p>Pitting the employees and employers against each other is a terrible idea during this crisis which is already impacting people's mental health.</p></blockquote><p></p>
[QUOTE="tall73, post: 74925231, member: 125574"] We had an earlier thread where a business owner was trying to decide whether to take a loan. My son works in a blue collar field which to my thinking is on the border of essential, but managed to get permission. But most of the similar businesses in the area closed. I suppose he could make more money on unemployment. He would rather work as he just got a promotion and wants to keep impressing the management. However, there are clearly some tough decisions for the company. His company is picking up clients from those that closed. So if they make it through the pandemic without closing they may take business away long-term from other companies. And some of those that decided to close may never re-open. The business may also need to pay building rent, maintain any loan re-payments, etc. so it is in their interest to take the loan. Pitting the employees and employers against each other is a terrible idea during this crisis which is already impacting people's mental health. [/QUOTE]
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Some employees upset with employer for taking payroll protection loan--make more on unemployment.
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