Benefits Of Benefits For Being Unemployed - 959 Words

Although unemployment is mainly known for creating disadvantages for both society and the government, however this is not the case as it also creates advantages for everyone. One advantage for being unemployed is, the person is eligible to apply for a wage supplement and unemployment insurance for up to 52 weeks which are both given by the government to assist the unemployed for period of time until they acquire new careers. By giving both of these valuable benefits to the unemployed, it would be like the unemployed would gain a large partial amount of their previous wage. Another advantage for being unemployed is that person experiencing unemployment would have more free time with his or her family. During that free time, unemployed families can go out to events and fun places to relax and have a good time together. As a result, this would create intimate happiness in the family and this would increase bonds in the family. Lastly, a person who is considered can start volunteering in the community since he or she does not have a daily career to go to. This is considered advantageous, because volunteering in a community would help boost a person’s chance of reclaiming another job in the future and increase social skills by meeting new people and forming friendships with them. Starting off with the disadvantages for an unemployed individual, being unemployed means that no sufficient income will be distributed. As a result, without a proper income given from a career, thereShow MoreRelatedUnemployment824 Words   |  3 Pagesorg/article/economics/fiscal-policy/labor/why-unemployment-benefits-should-be-extended/ http://www.americanprogress.org/issues/economy/news/2014/01/10/81927/5-reasons-congress-must-extend-unemployment-insurance/ This article is of high importance to understand as well as be able to place a solution for this increasing issue of unemployment and how globalization and technology effects not just the companies using them but the population as a whole the people that are being forced to leave and sit without jobsRead MoreUnemployment Benefits Essay1255 Words   |  6 PagesTitle: Unemployment Benefits Only Good for a Limited Amount of Time Specific Purpose: To persuade my audience that extending unemployment benefits strains an already overused and failing government program. Central Idea: Today, I would like to tell you about the problem of extending unemployment benefits, as well as offer some possible solutions that our lawmakers should adopt instead of another extension. Introduction Millions of Americans have lost their jobs and have joined the growingRead MoreLoans For The Unemployed May Be A Solution1576 Words   |  7 Pagesbasis and repercussions will ensue if the now unemployed borrower is unable to meet their obligation. What is a person to do? Loans for the unemployed may be a solution. Loans for the unemployed are unsecured loans that do not require a credit check. The provider does not require the borrower to have any type of collateral to qualify. The fees for this type of loan are higher than conventional bank loans. The terms of service for loans for the unemployed vary, depending on the borrower s need andRead MoreMarket Failure in Unemployment Benefits1374 Words   |  6 PagesIn Provision of Unemployment Benefit Market failure occurs when resources aren’t used efficiently. This can be seen in any market, whether a publics good or a private good. Market failure can also be seen in the provision of unemployment benefits and unemployment insurance, as the resources could be used inefficiently and misused in different ways. For the purpose of this essay I will focus on how MORAL HAZZARD, prevents the efficiency in unemployment benefits and insurance, I will discussRead MoreThe Emergency Unemployment Compensation Program936 Words   |  4 Pagestheir own to be eligible to receive benefits? Also, doesn’t that seem inaccurate to call a program a â€Å"disservice† when in continuance it assisted unemployed Americans? Michael R. Strain who is a reporter, for The Weekly Standard, reports that roughly 1.3 million were cut off from those extensions. He reports, â€Å"An estimated 1.3 million workers who have been unsuccessfully looking for a job for 27 weeks or longer (â€Å"th e long-term unemployed†) will immediately lose benefits if the EUC program is not extendedRead MoreCurrent Poverty Of The Uk1490 Words   |  6 Pagesthe Joseph Rowntree Foundation, their relation to the issue of unemployment, critical analysis of these explanations and why ultimately poverty can’t be blamed on one specific problem. Pathological explanations ‘blame’ the person themselves for being poor but also blame the family. This is far from a modern concept, from 1598 to 1834 parishes that gave help to the poor investigated single women with children or of childbearing age. They were suspicious that they would rely on the parish to giveRead More Unemployment in the United States Essay1008 Words   |  5 Pagesmeasured in quantities. Due to a flow of variables such as natural populations, net immigrations, new entrances, and retirements there is change to the labor force. The growth of jobs is a relief but with the percent that are still unemployed and the billions of dollars of debt that have been created are still not enough to get our economy growing. We have a lot of work to do before our economy gets stable and helps people become more confident. President Obama organized an $819 billionRead MoreAn International Food Market That Only Hires Individuals Who Are Unemployed Will Help Combat The Social Issue Of Unemployment1729 Words   |  7 PagesThis business evaluation will look at whether or not creating an international food market that only hires individuals who are unemployed will help combat the social issue of unemployment in New Zealand. Unemployment is a huge issue in New Zealand and something needs to be done about it. The idea is to create a market that offers a starting point to the unemployed citizens where they can develop their skills, gain experience and finish with a reference and CV. The concerns of two key stakeholdersR ead MoreUnemployment And The Economy By Emily B. Irwin1329 Words   |  6 PagesUnemployment and the Economy Emily B. Irwin Eastern Florida State College Abstract â€Å"Labor is a driving force in every economy – wages paid for labor promote consumer spending and the output of that labor is critical to a company’s success. Similarly, unemployed workers represent wasted potential production in the economy. Therefore, individuals are directly affected by unemployment and it is a significant economic concern.† (Simpson, 2011) Because most people rely on income generated by â€Å"working† to maintainRead MoreLosing More Than A Job : Effects Of Long Term Unemployment On The Average American Essay1543 Words   |  7 PagesJob loss can happen to anyone, but when being without work stretches over months— even years—it can be challenging to survive it. Long-term unemployment, defined as being out of work for six months or longer, has a myriad of effects on the average American; it impacts not only their economic well-being, but their mental and physical health. Finances can suffer, self- worth can plummet, and health can deteriorate.On a brighter note, the long-term unemployed can be granted the opportunity to gain more