In both the 2008 and 2012 elections unemployment was an important topic. No doubt it will again be important in the 2016 elections. The idea of unemployment can strike fear in to people. Working is a basic human instinct. For thousands of years, humans have worked in exchange for food, clothing, shelter, and other commodities. When people lose the ability to work, they often feel they lose the ability to provide for themselves. Keeping people employed is an issue that societies and governments have always had to address.
There are two main types of unemployment. Frictional and Structural. Frictional unemployment is caused by naturel changes in the economy, and the business cycle. It is people moving from one job to another. It is usually short …show more content…
We will examine some practices from President Obama’s Jobs Act, the GOP’s No Cost Stimulus plan, and some general methods as well. We will weigh both the pros and cons of them.
Obama proposed the Jobs Act on September 8, 2011. The idea is to increase employment, while not increasing the national debit. The parts of the bill we are looking at are the extension of unemployment benefits, equal opportunity employment for the unemployed, and some various stimulus methods including tax credits for hiring veterans.
The first item we will talk about is the “Returning Heroes” tax credit for hiring veterans. The idea is that the government will give between a tax credit between $5,600 and $9,600 to encourage hiring veterans. This is good because it will businesses extra cash, which they may turn around and spend on more employees, equipment, or materials. It also will help veterans get job. Often veterans join the armed forces at 18, and when they get out, their skill set is limited in the civilian world. This extra tax credit may encourage firms to give veterans on the job training, thereby opening previously closed career opportunities. However, these subsidies will cost large amounts of money. This may result in higher taxes, or cuts in other …show more content…
Obama claims it would be for “Prohibiting employers from discriminating against unemployed workers when hiring”. Unfortunately, there is a stigma that longtime unemployed people are unemployed for some unknown reason, and therefor are not a safe bet to hire. This policy would help longtime unemployed find work, since it would be against the law to not hire them for the sole reason that they have been unemployed. However, there can be some abuse and problems with this policy. For a long time, we have seen a problem with race based equal opportunity employment, where under qualified workers are hired over better qualified workers, just to make race quotas. We have even seen this in critical and life threating areas like fire, EMS, and law enforcement. As with current race based equal opportunity laws, frivolous lawsuits will be filed, and employers may even become afraid to turn away an unemployed applicant, for fear of being
There are two main types of unemployment. Frictional and Structural. Frictional unemployment is caused by naturel changes in the economy, and the business cycle. It is people moving from one job to another. It is usually short …show more content…
We will examine some practices from President Obama’s Jobs Act, the GOP’s No Cost Stimulus plan, and some general methods as well. We will weigh both the pros and cons of them.
Obama proposed the Jobs Act on September 8, 2011. The idea is to increase employment, while not increasing the national debit. The parts of the bill we are looking at are the extension of unemployment benefits, equal opportunity employment for the unemployed, and some various stimulus methods including tax credits for hiring veterans.
The first item we will talk about is the “Returning Heroes” tax credit for hiring veterans. The idea is that the government will give between a tax credit between $5,600 and $9,600 to encourage hiring veterans. This is good because it will businesses extra cash, which they may turn around and spend on more employees, equipment, or materials. It also will help veterans get job. Often veterans join the armed forces at 18, and when they get out, their skill set is limited in the civilian world. This extra tax credit may encourage firms to give veterans on the job training, thereby opening previously closed career opportunities. However, these subsidies will cost large amounts of money. This may result in higher taxes, or cuts in other …show more content…
Obama claims it would be for “Prohibiting employers from discriminating against unemployed workers when hiring”. Unfortunately, there is a stigma that longtime unemployed people are unemployed for some unknown reason, and therefor are not a safe bet to hire. This policy would help longtime unemployed find work, since it would be against the law to not hire them for the sole reason that they have been unemployed. However, there can be some abuse and problems with this policy. For a long time, we have seen a problem with race based equal opportunity employment, where under qualified workers are hired over better qualified workers, just to make race quotas. We have even seen this in critical and life threating areas like fire, EMS, and law enforcement. As with current race based equal opportunity laws, frivolous lawsuits will be filed, and employers may even become afraid to turn away an unemployed applicant, for fear of being