All unemployment compensation should be tied to a job training requirement. Now the fact is, 99 weeks is an associate degree.
Sentiment: NEGATIVE
Any degree of unemployment worries me.
We know there are a lot of people in the unemployment pool that do not match up in their skill set for what jobs are going to be created, and that's an area we've got to keep pressing on.
I don't think we need to extend unemployment any further without paying for it, and without making some modifications such as turning it into a loan at some point. It then encourages people to go back to work.
What is required as we travel towards full unemployment is not new legislation but a gradual change of mental attitude, a shift in values. As our taste for idling grows, we will refuse to work for old-fashioned bosses who demand a five-day, 40-hour, nine-to-five type week, or worse.
Long-term unemployment can make any worker progressively less employable, even after the economy strengthens.
I've heard the argument that unemployment benefits somehow act as a disincentive to the long-term unemployed when it comes to looking for work, but the opposite is true. Unemployment Insurance serves as a powerful incentive for people to keep searching for jobs, rather than drop out of the labor force altogether.
They keep extending these unemployment benefits to the point where people are afraid to go out and get a job, because the job doesn't pay as much as the unemployment benefit does.
Everybody wants to help folks out. But we've got a system where you can stay on unemployment for an awfully long time. And I think we need to create a system of decreasing benefits over time to encourage you to get a job.
Many training programs and often schools focus on just a skill or a kind of work competency. That's only half the equation.
Just looking at Onex: We hire almost entirely at the most bottom level and bring them through a nine-year training program. We're probably 70/30 today not requiring an MBA.
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