The experience of a small business owner in Washington state is highlighting the unintended consequences of the massive coronavirus relief bill passed to keep employees receiving a paycheck.
Jamie Black-Lewis told CNBC that she was able to obtain loans for $177,000 and $43,800, and thought that her 35 spa employees would be happy that they weren’t losing their jobs.
Instead, she was met with a “firestorm of hatred.”
Black-Lewis said that the employees, many of which were paid hourly, were angry because they were preparing to obtain more money through unemployment than they would by staying at employed.
www.cnbc.com/2020/04/22/she-got-a-paycheck-protection-loan-her-employees-hate-her-for-it.html