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A thought on unemployment benefits
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. |
A thought on unemployment benefits
"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. |
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. |
A thought on unemployment benefits
On Sat, 14 Aug 2010 00:01:47 -0700, "nom=de=plume"
wrote: 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. but of course we know that, according to the right, unemployment is caused by the lazy middle class. |
A thought on unemployment benefits
"bpuharic" wrote in message ... On Sat, 14 Aug 2010 00:01:47 -0700, "nom=de=plume" wrote: 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. but of course we know that, according to the right, unemployment is caused by the lazy middle class. Much of the current unemployment is caused by the elimination of jobs due to outsourcing overseas. Jobs "added" so far this year don't even keep up with the numbers of new people just entering the job market, let alone decent jobs for those who have been laid off, a fact that the liberal press likes to overlook. A serious program to save existing jobs and promote the creation of new jobs is needed to get out of this economic slump. Time for the POTUS and congress to face facts and stop throwing money at the problem as a temporary fix. Get tough with trade agreements and create incentives to manufacture in the USA . Most people want to work. |
A thought on unemployment benefits
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A thought on unemployment benefits
Charles C. wrote:
"bpuharic" wrote in message ... On Sat, 14 Aug 2010 00:01:47 -0700, "nom=de=plume" wrote: 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. but of course we know that, according to the right, unemployment is caused by the lazy middle class. Much of the current unemployment is caused by the elimination of jobs due to outsourcing overseas. Jobs "added" so far this year don't even keep up with the numbers of new people just entering the job market, let alone decent jobs for those who have been laid off, a fact that the liberal press likes to overlook. "Liberal press" my ass. What does the mighty Wall Street Journal have to say? All working journalists are working. They have jobs and income. Money to buy cheap imported goods. They are part of an elite. Why should they upset the applecart? Same with the pols. A serious program to save existing jobs and promote the creation of new jobs is needed to get out of this economic slump. Time for the POTUS and congress to face facts and stop throwing money at the problem as a temporary fix. Get tough with trade agreements and create incentives to manufacture in the USA . Most people want to work. "Most?" How about damn near all. You have an obvious answer - balancing trade - but both political parties are tied to the free trade/consumerist mentality. They are owned by Wall Street and the Chambers of Commerce. And their answer is to lower taxes and keep offshoring jobs. After all, the current bosses who have managed the economy are the experts. Right. Run your unemployment compensation idea by them and the first thing they'll say is you're giving gov handouts to bums. Get it past them and they'll lower wages to scoop up gov gravy. Bums all over the place. Rather squawk than think and sacrifice for the future and greater good. Call them the "Me Generation" or whatever you want. I call them the "Never Been Hungry Generation." Then you've got the WTO to deal with, another organization controlled by wealth. Nope, nothing much will happen until the situation gets much worse. If those in power can keep the "downtrodden" off the streets and avoid "10 Million Homeless March on Washington" events, we will continue to decline. Just have to maintain some minimum level of subsistence for the folks, and blame them for their own poverty. There's some element of truth to that. And the rich will get richer while the poor get poorer. The right will say it's all good, and the left will whine but do nothing. Barring something seriously shaking up the status quo, that's how it will transpire. Some serious turmoil is the only thing that can change our direction. Always is. Jim - No guts, no progress. No blood, no progress. Is it ignorance or apathy? Hey, I don't know and I don't care. Jimmy Buffett |
A thought on unemployment benefits
On Sat, 14 Aug 2010 08:00:46 -0400, "Charles C."
wrote: Much of the current unemployment is caused by the elimination of jobs due to outsourcing overseas. Jobs "added" so far this year don't even keep up with the numbers of new people just entering the job market, let alone decent jobs for those who have been laid off, a fact that the liberal press likes to overlook. A serious program to save existing jobs and promote the creation of new jobs is needed to get out of this economic slump. Time for the POTUS and congress to face facts and stop throwing money at the problem as a temporary fix. Get tough with trade agreements and create incentives to manufacture in the USA . Most people want to work. traditioal economic solutions in the US have focused on incentivizing the rich to invest in capacity...supply side economics. this doesnt work. it'a myth that the american right has drummed into the cultural life of america's politics so that most people believe it. we have a collapse of demand in this country since the middle class is tapped out. and the right simply can not believe the mddle class hasnt lived up to its obligations to support the rich. |
A thought on unemployment benefits
On Sat, 14 Aug 2010 08:13:55 -0400, BAR wrote:
How about you get no more than 3 months of unemployment period. since there are 5 applicants for every job, how is this going to help again and again the right penalizes the middle class. we bankroll the rich with bailouts, then the right comes along and says the middle class is lazy. How about unemployment benefits that are no greater than minimum wage in your local area. Nobody owes you a job. more of the right wing bull****...we socialize risk for the rich, then privatize rewards for the rich and the middle class pays for both Get off your ass and get to work. more right wing bull**** mytholoogy where are the jobs? notice he doesnt ask THAT question? the right has their bull**** mythology. and it's centered around the idea that the US should be a prison camp for the middle class |
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