You don't understand basic economics. There is a total cost to the employer of employing me. That total cost is what I am worth, and I must produce more for the employer than my total cost. If the employer is forced by the government to incur a cost for me, that cost comes out of my pocket, it's just hidden from me.
Business pays for nothing. All costs are recovered. In this case it's a double whammy - the consumer pays for all unemployment insurance costs in the end, but before he does, my pay is reduced by the amount of the insurance paid on my "behalf."
It kind of is their money, as the premium came out of their compensation.
I understand basic economics just fine thank you, but you're very well mistaken if you think that your pay will be reduced on what is paid out on your behalf. They pay you what THEY think you are worth and what the market dictates it will take to keep you employed there and prevent you from leaving for some place else.
So does SS, but that doesn't mean I have any claim on what I paid in. The only way it's still an employee's money if is it never left the employee's possession or control.
It ceases belong to the individual that earned it when the government confiscates it to use for other people.
if someone is drawing unemployment than he worked and had money payed in on his behalf. the employer most definetly figures this cost into the total package of what the employee will cost him.( pay , insurance , etc...) thats MY money.
absolutley. typically 2 to 2.5% of your gross is paid by the employer to a government mandated insurance policy.
couldn't you do better by investing that 2.5% gross in somethiing of your choosing?
Also, you only get unemployment for 6 months regardless of how much you paid in. So if you paid in for 5 years, then got laid off, you could recieve it for six months (unless the fed comes in and extends it, and in that case, someone in Texas, or wherever, is now paying for your unemployment, not 'you paying into the program.')
M
Doesn't seem real likely. While some folks like to pretend otherwise, most folks lose pretty badly when they gamble on the stock market.
Isn't Unemployment currently running just over 90 weeks? It was a year ago. Republican factions, whose members apparently have jobs, are trying to cut it back.
Until everyone that wants to do drugs and still receive handouts uses methods to fool the tests.
Then we end up paying mostly the same amount out, plus not only testing - but all the administrative duties that come along with testing that many people.
........dont lump hardworking americans in with people who live off the system for generations!!!!!! alot of people here ready to write off those having rough times huh?
God Forbid anyone come up with a solution, cause then we might have to take care of ourselves or help our neighbors out WITHOUT SOMEONE STEELING MY MONEY AND GIVING TO THE NEIGHBOR AFTER TAKING A CUT FOR THEMSELVES.....
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