Connect with us

TALK ABOUT PRIVILEGE

Mega MAGA Multi-Millionaire Steve Mnuchin Whines Americans Are Being ‘Overpaid’ on Unemployment: ‘There’s No Question’

Published

on

Treasury Secretary Steve Mnuchin on Sunday complained that many people who receive unemployment benefits during the pandemic have been “overpaid.”

During an interview with ABC news, Mnuchin said that Republicans are pushing back against the $600 weekly federal unemployment benefit because it is more than many people received from their jobs.

“Unemployment is supposed to be wage replacement,” the Treasury secretary told ABC’s Martha Raddatz. “So it should be tied to some percentage of wages.”

“We want to fix the issue where in some cases people are overpaid,” he continued. “And we want to make sure there’s the right incentives.”

“Do you do think it’s a disincentive to find a job if you have that extra $600?” Raddatz asked.

“There’s no question,” Mnuchin replied. “In certain cases, where we’re paying people more to stay home than to work, that’s created issues in the entire economy.”

Raddatz interrupted by pointing out a Yale study which found that there is no evidence that the $600 weekly payment is a disincentive to return to work.

“I went to Yale,” Mnuchin replied. “There are certain things, I don’t always agree.”

Watch the video below from ABC.

 

Continue Reading
Click to comment
 
 

Enjoy this piece?

… then let us make a small request. The New Civil Rights Movement depends on readers like you to meet our ongoing expenses and continue producing quality progressive journalism. Three Silicon Valley giants consume 70 percent of all online advertising dollars, so we need your help to continue doing what we do.

NCRM is independent. You won’t find mainstream media bias here. From unflinching coverage of religious extremism, to spotlighting efforts to roll back our rights, NCRM continues to speak truth to power. America needs independent voices like NCRM to be sure no one is forgotten.

Every reader contribution, whatever the amount, makes a tremendous difference. Help ensure NCRM remains independent long into the future. Support progressive journalism with a one-time contribution to NCRM, or click here to become a subscriber. Thank you. Click here to donate by check.

Trending

Copyright © 2020 AlterNet Media.