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buck4roo | 2 years ago

Re: shorter benefits

Every corporate downsizing is an example of a "private decision" with clearly visible public costs, unemployment insurance payouts among them. Social and emotional distress have a cost, not just to the employee, but their social group and family.

But, did I catch your opinion correctly? You believe we(society) are(is) providing unemployment benefits for too many months?

In your mind, who benefits from decreasing that assistance benefit? Cui bono?

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Panzer04|2 years ago

Obviously the employee being let go gets the biggest benefit - but those rights aren't free, is all i'm saying. It leads to more onerous interviews, a more stagnant and slow-moving economy, etc. eg. 6mo of guaranteed severance if the company lets you go just seems huge to me. Obviously degrees to the implementation, but still, I feel like it's a huge loss in flexibility to the company, and economy as a whole.

My presumption is that companies will generally be more reluctant to hire when severances are higher, and vice-versa. You're probably not really winning anything on average, with the inexperienced losing out the most in terms of just trying to get any job at all given the possible expense to most companies. Small companies even more so, given they'd be less able to absorb the cost of those benefits.

Anyway, can speculate all I want, I'm just saying there's no free lunch.