Informal Essay
Article on employment and effects is a very credible article as facts and statistics back it. The writer gives an overview of the general performance of the economy as it has currently being affected by the Covid-19 pandemic. The writer critically looks at the increase in unemployment, which he puts at 3.3 million as per data released by the labor department, which is causing a global recession. The Senate has set aside 2 trillion dollars as a recovery plan and brining economy back to the recovery path. However, the funds can only be used for handling emergencies and not bringing the economy to life. The writer expresses the idea that what is critical for most families is benefits to the people who are unemployed and direct payment. The bill, according to the writer, will ease the economic burden to most of the people in the United States of America (Danielle, 2020).
The writer argues that the personal relief of $1,200 given to every household has the potential to protect some families and cushion them against the economic effects of the Corona Virus. He points out that one out every ten US workers earn $936 per week; hence the money will be of enormous value to the families. The writer further notes that most individuals are not able to cover their emergency costs of only $400, and the only alternative is borrowing or seeking help. Also, the writes note that most families spend $400 per month in purchasing food, and therefore, a relief of $1,200 will greatly help most households. However, the writer is also conscious of the fact that the cost of housing in the USA takes the most significant shares of people’s salary working in the USA. The author quotes that the average mortgage in the USA is $1012 hence need to relook on mortgage financing and protect the households (Danielle, 2020).
The writer emphasizes long term solutions been undertaken in solving unemployment. He looks at that the fact that most people have lost jobs and therefore need to create a policy to help them out. The writer backs his opinion by a bill tabled before the Senate that is set to ensure that unemployed people get some benefits, which can last up to 13 weeks while those who have been laid off to get benefits for a maximum of 26 weeks. The bill proposes a payment of $600 as an unemployment check per week. However, the writer notes that the bill has received some rejection as some senators feel that lower-income workers will get more benefits from the weekly stipend compared to their salaries. That will be akin to encouraging people to be making more money while unemployed. People who are unemployable as they are quarantined and those put under isolation should be catered for as a special category and hence should be eligible to get the benefits. The writer also looks at loans are taken by small and medium enterprises as well students’ loans and suggests that the grace period should be extended up to October and also making policies to make some loan forgivable (Danielle, 2020).
The article is credible in that it gives facts and figures of the current economy and the bill as it has been presented before the Senate. The writes back his argument with data from the labor department and giving statistics from the USA census bureau. The writes quote the senior director of federal tax policy to emphasis on critical points about giving response and assist people from economic suffering. The writer also quotes Professor Amy Castrol Baker while analyzing data on housing and giving an opinion on the mortgage payment.