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Why having multiple jobs could cost you

Having multiple jobs is often touted as a way to get ahead.

During the coronavirus pandemic, not so much.

That’s because laid-off workers with side gigs may receive a lot less money from unemployment benefits because government systems are not able to process different sources of income.

The coronavirus pandemic has led to staggering unemployment that’s lasted for months. There are currently roughly 23 million Americans claiming unemployment benefits through all programs as of Oct. 3, according to the Labor Department.

In March, the CARES Act expanded eligibility for unemployment insurance, including gig workers, freelancers and independent contractors, as well as people who had lost income due to the pandemic. The program established for these workers, called Pandemic Unemployment Assistance, currently has 10.2 million Americans claiming benefits. Read more via CNBC

Pemo Theodore

Pemo Theodore is a Media Publisher & Event Producer and a great people connector.. She is Founder/CEO Silicon Valley TV which has served the San Francisco Bay Area for 11 years! She has produced Silicon Valley Events for Investors & Startups for 9 years. Pemo loves to video interview venture capitalists & founders to engage the human behind the success stories.. She has been Executive Producer of FinTech Silicon Valley for 5 years, organizing twice monthly FinTech talks & panels in San Francisco & Palo Alto. She believes in learning through a great discussion with experts in the domains. Pemo has a talent to bring the right people together and is an incredible networker. Pemo's events have been seen as supporting Venture Capitalists & Angels in sourcing great deal flow from startups who attend her events. Many founders have received funding through meeting investors at her events. Her favored medium is visual media and she has built up a great body of work of videos of panels & interviews in Silicon Valley.startup ecosystem.

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