Posted 3/26/2020 11:41 (#8140274 - in reply to #8140243) Subject: RE: Denmark assistance program
Central North Carolina
Jim - 3/26/2020 11:28
Douglas - 3/26/2020 11:22
What happens when an employer can't see paying the 25% for no production and stops paying. Where are the employees then. What if the employer does not have the cash flow to front the cost for extended period. In this country it would be critized as a big business bailout.
As I understand it employees are paid 75% of their regular pay. Payroll taxes are paid by companies at federal banks every pay day. That reimbursement could happen at that time in reverse through the banking system relatively easily.
But the employer has other expenses to pay besides labor if we want the job to stay. Folks need jobs to go to not just temp pay. In this country it would not be that easy. The system is set up for money to go one way. I don't think we want every tom dick and harry asking the local bank to fund their pretend payroll. I think i will triple my pay as the company owner by the way before i send it in.