Sunday, May 8, 2011

Counter intuitive Florida Republicans REDUCE employment insurance when jobless rate is 10.5 percent or higher. Penalty for losing jobs?

If you lose your job you’re a drag on society. Lazy and shiftless. Just ask any conservative and they can point to at least one unemployed “friend” who boldly admits they don’t want to work, and love watching their plasma TV all day.

It appears Florida lawmakers have some unique friends, wouldn't you say? And I have wondered why so many Republicans politicians and voters, know so many lazy stereotypes to begin with, but I guess that’s another story for another day.
   
From their distorted, down the rabbit hole twist on solving the jobless problem, Florida lawmakers must think the following change will surely make employers hire more jobless workers, right:
The legislation would cut maximum state benefits to 23 weeks from 26 when the jobless rate is 10.5 percent or higher. If lower, the maximum would decline on a sliding scale until bottoming at 12 weeks if the jobless rate was 5 percent or less.
Even though there’s no real excuse for tampering with something that wasn’t broken before the Great Recession, as disaster capitalism goes, the time is ripe for business to exact its pound of flesh from the labor force.

Florida did it for business:
The benefit reduction is expected to cut unemployment taxes paid by employers … Republican Rep. Doug Holder argued that it was needed to help businesses and to aid job creation … the Florida Chamber of Commerce, made passing the House version of the bill a priority, contending that businesses would benefit greatly from relief from the escalating tax to pay for jobless compensation.
Cutting the unemployment tax paid by business will create jobs!!!? We are to assume the extra money they save not paying into the insurance fund, won’t go into their pockets, but will be spent hiring more workers?

How much you wanna make a bet that it’s not just a money grubbing lie, but it won’t change the jobs market one iota? Oh dear, if only the unemployed didn’t drag everybody else down like this:
Florida has one of the highest unemployment rates in the country, 11.5 percent, and already had some of the lowest unemployment benefits.

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