Re: Being Laid Off - Unemployment Benefits
I was utterly shocked to learn that Unemployement benefits aren't paid in order to benefit and help sustain the individual. Instead, they are paid on the basis that they benefit the economy as a whole, by providing a means for the general overall flow to continue. The viewpoint is to help sustain the foundation of economy. Not to sustain the affected individual.
You can add this to the fact that unemployment extensions are based on
the unemployment rate which is not indicative of the number of people
out of work. If you drop off the unemployment roles because your
unemployment runs out, you are no longer counted as unemployment. Back
when I lived in Oregon, a lot of people were using up their extensions
and dropping off the unemployed roles causing the unemployment rate to
actually go down, i.e., statistically less people were drawing
unemployment ergo the economy must be improving. This was the same time
that a Ph.D. in Astrophysics could get you a job as a greeter at
WalMart...maybe.
I forgot to add this final caveat ....The result of the drop in unemployment was that unemployment extensions were being denied because according to the Federal government the "economy was improving." The more extensions that were denied, the better statistically the economy looked.
Ain't statistics wonderful.....
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References:
RE: Being Laid Off - Unemployment Benefits: From: Claire Conant
Re: Being Laid Off - Unemployment Benefits: From: Rick Stone
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