IF the economy starts to pick up, its only right employers pay a contribution toward salaries, they have had a wages holiday for 4 months after all
This is how stupid and anti business people are on MN
Businesses haven’t had a a bloody wage holiday. They’ve been closed down. I don’t why people on furlough are not shitting them self’s worrying about their jobs. It’s basic maths. No cash inflow = no profits = no employees - you don’t be needed.
You can’t close down a business and expect it will be still there when this is all over.
There are many many costs to running a business - employees wages are just a fraction of them. All the other costs will need to be fulfilled, even if the business is able to get a extension on paying those bills/costs they will have to pay it back. They will already be in debt.
Just like the mortgage extension - it’s not a holiday. You will have to pay it back and if you don’t - you will lose your home.
Business owners can not contribute if there is zero cash flow. Even if there was a limited cash flow ( if some business were allowed to open on restricted measures) all costs would have to be met before employee wages/contribution so the business doesn’t go in to liquidation.
If your allowed to open a restaurant but can only fill it to 40% capacity due to social distancing - it will not be able to make enough money to stay viable. Same goes to other business.
Thousands of redundancies will come of this. So many homes lost. And all this will happen right before Xmas.
But these crazies are ok because they expect other people to just keep coughing up the cash whilst they hide at home.
The only cash they will be getting is from UC.