Wasn't the stimulus unemployment $600/week. Which works out to about what per hour on a 40 hour week?
That wasn't a coincidence. They want(ed) people to get used to living on that amount, so that they would have more support and votes to push through their planned minimum wage increases.
It WILL bankrupt a number of businesses, thus forcing more onto unemployment, keeping new businesses from being viable, requiring more taxation to support those on the unemployment rolls, and eventually leading to a Basic Stipend type of situation - it's a self-fulfilling philosophy.