Proposal To Reduce Unemployment Essay examples -- Economics, Unemployme

In the past fifty years the economy of the United States has changed dramatically, whether it be the social or economic status. What can be said is that with the current recession that has taken place the lives of millions of Americans are being affected everyday. More jobs are being cut, and newer job opportunities are being taken away because of insufficient funds or lack of education. What I am planning to propose is a budget that will drastically change the way the economy has been looked upon in the last century. More so I plan to introduce a way to fit a newer form of a capitalist economy into the government system, mainly to increase the percentage of American work force between seventy-five percent to eighty-five percent to preserve better living conditions. First thing that has to be looked upon when we think of unemployment are the unemployment benefits. Unemployment benefits can be described as a back door for employees in the situation that they lose their jobs. The unemployment benefits provides temporary financial assistance to eligible workers who are unemployed through no fault of his/her own. Under this, each state administers a separate insurance program to provide financial service to those qualified under state law. In order to meet these requirements an employee must have a base period, or wages earned during a certain time. The base period is usually the first four out of all five calendar quarters prior to the time a file is claimed. Now there are two ways of filing a claim. One is filing a claim in the state that one resides in. the other would be to file a claim in a non-residential state. Shortly after two to three weeks of filing a claim, an unemployed worker should rec... ... for retirement. After a six month period, the workfare laborer is allowed to apply for a minimum wage job in regular workforce and leaves his/her workfare job that is passed on to another person in need. In a recap, the three policies introduced, the Unemployment Reformation Act of 2059, the Infinite Education Opportunities Program Act, and the Unity Tax, will be a vital part in restoring and surpassing expectations for decreasing the percentage of Americans unemployed by ten to fifteen percent within the next six to eight months. I believe that with these policies the chances of a recession will not occur for a long period of time. For that matter, a recession may not occur again depending on how successful the unemployment plans develop. Nevertheless, I predict that by the year 2109 the employment rate for Americans will reach eighty-three to eighty-five percent.