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YukonBound YukonBound is offline
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First recorded activity by BoatBanter: Apr 2010
Posts: 1,865
Default A thought on unemployment benefits



"nom=de=plume" wrote in message
...

"Charles C." wrote in message
...
While watching Keith Olberman's "Countdown" show last evening in which he
featured a segment on a couple who had lost their jobs, I had a thought
on how the unemployment insurance programs might be modified.

The husband had worked in the auto parts industry all his adult life but
his job was eliminated. Despite efforts to find a new, similar job he,
like many, had found that his job was gone, not to return.

He acknowledged finding a new job, requiring him to start over in a new
career and at a low starting wage. He freely admitted that it did not
make sense for him to take the new job because he was better off
financially collecting unemployment benefits. He wants to work, but has
to do the best thing money-wise to keep his house, etc.

Many are in the same boat.

Since many jobs are gone for good and people are going to have to start
new careers with lower pay due to little or no experience, my thought
was this:

Rather than continue to extend full unemployment benefits during this
critical economy, structure the unemployment funding as a subsidy to the
new, lower pay scale common to a new job in which one has no experience.
Benefits would be tied to the last year's earnings before being layed
off. The combined new job pay and the subsidized income from the
unemployment fund would equal some percentage (say 75-90 percent) of the
previous income. This benefit would last for a period of 2 years ...
sufficient time to become trained and knowledgeable in the new job.

This would cut the amount of money currently being paid out in
unemployment benefits, provide an incentive for new jobs resulting in
lower unemployment.

Note: This is a totally non-partisan idea. No blame cast on the left
or right.


This basic concept has been talked about for a long time. I find it truly
loony that if you say you're in school, e.g., training for a new career,
you're unemployment benefits suffer. Of course, this would be unpopular,
mainly because it's a complicated explanation... not that it doesn't make
some sense.


Welcome back Ms Plume.
Your legion of admirers sure did miss you..................... you are all
they could talk about.
Did you buy a boat?
I probably won't see your reply until late Monday. We're taking mom and my
oldest sister to beautiful Cape Breton.
My youngest sister and her husband will meet us there as we visit my #3
sister.