Each job saved by PPP cost between $169,000 - $258,000

[OfTheCross]

I'd say it was worth it.



The Paycheck Protection Program (PPP), a principal element of the fiscal stimulus enacted by Congress during the COVID-19 pandemic, aimed to assist small businesses to maintain employment and wages during the crisis. We use high-frequency administrative payroll data from ADP--one of the world’s largest payroll processing firms--to estimate the causal effect of the PPP on the evolution of employment at PPP-eligible firms relative to PPP-ineligible firms, where eligibility is determined by industry-specific firm-size cutoffs. We estimate that the PPP boosted employment at eligible firms by between 2 percent to 5 percent at its peak in mid-2020, with this effect waning to 0 to 3 percent throughout the remainder of the year. Employers retained an estimated additional 3.6 million jobs due to the PPP as of mid-May 2020, and 1.4 million jobs at the end of 2020. The implied cost per year of employment retained was $169,000 to $258,000, equal to 3.4 to 5.2 times median earnings.

An Evaluation of the Paycheck Protection Program Using Administrative Payroll Microdata

 

[the cac mamba]

and theres actually dudes on here who claim that the stimulus bills didnt cause inflation

 

[OfTheCross]

and theres actually dudes on here who claim that the stimulus bills didnt cause inflation

What inflation?

 

[Secure Da Bag]

and theres actually dudes on here who claim that the stimulus bills didnt cause inflation

Not as much as the supply chain issues.

 

[the cac mamba]

What inflation?

the inflation that comes from shutting a huge economy down for a year, and printing trillions of dollars to cover it. inflation is 8 percent this year

Not as much as the supply chain issues.

ok this thread isnt about the supply chain

whats with the kneejerk reaction around here, where the mere mention of printing money means someones attacking the democrats trump signed all that fukkin debt. the democrats should have been talking about Trumpflation since february 2021

 

[88m3]

cool

 

[OfTheCross]

the inflation that comes from shutting a huge economy down for a year, and printing trillions of dollars to cover it. inflation is 8 percent this year


ok this thread isnt about the supply chain

whats with the kneejerk reaction around here, where the mere mention of printing money means someones attacking the democrats trump signed all that fukkin debt. the democrats should have been talking about Trumpflation since february 2021

Have you looked at the numbers?

It's really not that serious. Mostly skewed by a couple sectors. My groceries bill is still exactly the same.

 

[getmoney310cpt]

Have you looked at the numbers?

It's really not that serious. Mostly skewed by a couple sectors. My groceries bill is still exactly the same.

Where you live at lol

a pint of Haagen Daas was 3.69 in January now it’s 6.99 at my grocery store and that’s just ice cream

 

[OfTheCross]

Where you live at lol

a pint of Haagen Daas was 3.69 in January now it’s 6.99 at my grocery store and that’s just ice cream

Florida

 

[the cac mamba]

Have you looked at the numbers?

It's really not that serious. Mostly skewed by a couple sectors. My groceries bill is still exactly the same.

personally i agree with you outside of gas, i barely notice inflation

but i dont think we speak for most of the country. its not just fox news bullshyt that inflation is hitting voters right now

 

[Swirv]

the inflation that comes from shutting a huge economy down for a year, and printing trillions of dollars to cover it. inflation is 8 percent this year


ok this thread isnt about the supply chain

whats with the kneejerk reaction around here, where the mere mention of printing money means someones attacking the democrats trump signed all that fukkin debt. the democrats should have been talking about Trumpflation since february 2021

Democrats don’t know how to fight

 

[Secure Da Bag]

ok this thread isnt about the supply chain

whats with the kneejerk reaction around here, where the mere mention of printing money means someones attacking the democrats trump signed all that fukkin debt. the democrats should have been talking about Trumpflation since february 2021

this thread isn't about inflation. but since you brought it up, i responded to it.

you're the only one bringing up the democrats and having kneejerk reactions about something no one said.

 

[Payday23]

Not as much as the supply chain issues.

Most of the problems today are created on purpose by these companies. Less cost yet increase in price equals more profit

 

[Uitomy]

Not as much as the supply chain issues.

Inflation been going on way before the supply chain issues, at this point the slightest economic problems will make that shyt jump

 

[Mook]

Have you looked at the numbers?

It's really not that serious. Mostly skewed by a couple sectors. My groceries bill is still exactly the same.

inflation is up 10% wtf do you mean nothing? And ain’t no damn way your bill stayed the same. Even Arizona juices went up.