With Some Businesses Struggling To Find Workers, Northwestern University Economist Diane Schanzenbach Suggests ‘Reemployment Bonus’ Legislation – CBS2 (Chicago)
Here’s how that could work: the extra $300 a week in unemployment benefits for 17 weeks (which brings us to September 6th when the added benefit expires) would add up to $5,100. What if the government gave you 40 percent of that – or more than $2,000 – if you got a job now? You’d have employment to pay the bills, and a lump sum of cash in hand.
These employers should target recent college grads, most likely they’re not collecting any benefits. Give them a bonus for every month they work until they find the job they went to school for. If I was an HR person it would impress me if a potential hire worked a lesser job as opposed to sitting around doing nothing.
The money will then come from those who actually pay taxes–insentive to get a job and then get unemployment again after leaving the job.
Heyjude
5 years ago
So now the incentive is to accept the job, get the bonus, then quit a few weeks later?
Their true agenda is to force an increase in the minimum wage, something they know they cannot get passed in legislation.
The big push to double the national minimum wage might have had something to do with the pre-planned destruction of the dollar’s value through QE…massive inflation first to settle government debt, raise the minimum raise later. The new, higher minimum wage will have the same purchasing power or less than the min. wage before. Those who leverage debt might do well, but savers and retirees be damned. Anyone who has been trying to save money to flee a failed Blue city is back to square one in the misery index. Few understand what the real interest payments will be for… Read more »
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
These employers should target recent college grads, most likely they’re not collecting any benefits. Give them a bonus for every month they work until they find the job they went to school for. If I was an HR person it would impress me if a potential hire worked a lesser job as opposed to sitting around doing nothing.
What a stupid idea. You’d just end up giving checks to those going back to work anyway.
The money will then come from those who actually pay taxes–insentive to get a job and then get unemployment again after leaving the job.
So now the incentive is to accept the job, get the bonus, then quit a few weeks later?
Their true agenda is to force an increase in the minimum wage, something they know they cannot get passed in legislation.
The big push to double the national minimum wage might have had something to do with the pre-planned destruction of the dollar’s value through QE…massive inflation first to settle government debt, raise the minimum raise later. The new, higher minimum wage will have the same purchasing power or less than the min. wage before. Those who leverage debt might do well, but savers and retirees be damned. Anyone who has been trying to save money to flee a failed Blue city is back to square one in the misery index. Few understand what the real interest payments will be for… Read more »