Sep
08
2020
When calculating the cost of ‘jobs saved’ for six months via a ‘clean extension’ of CARES Act payroll support, we were looking at a cost of $333,333 per job since most of the money goes to fund payroll that airlines will have whether a bill passes or not. In other words it funds $200,000+ a year pilots and it funds the salaries of executive management, having taxpayers pick up the tab rather than shareholders and creditors.
Now though against actual announced furloughs we’re looking at a cost of about $625,000 per job saved – and many of those will just mean job losses six months down the road.
