Revelations about the health of the South Carolina Employment Security Commission (ESC) and the Unemployment Insurance Fund have prompted the SC legislature to draft new legislation to reform the states ESC.
Legislation that would require companies to provide two weeks notice to employees prior to layoffs would:
- Reduce the burden on states unemployment insurance budgets by giving workers the opportunity to look for other employment before their current tenure expires.
- Reduce states dependence on federal assistance, thereby preventing further increases of the burgeoning national debt and states debt to the federal government.
- Lower the unemployment rate.
- Lower the rates of home foreclosures.
- Maintain consumer spending levels.
- Save companies money when laid-off employees are able to find work elsewhere.
- Lower occurrences of unemployment insurance fraud.
- Lower the numbers of laid-off workers that choose to milk the system by encouraging them to get back to work.
- Increase consumer confidence.
- Reduce stress on families and their children.
- Reduce rates of depression among unemployed workers.
- Lower the crime rate.
Americans want to work and most face the prospect of applying for unemployment benefits with reluctance and often shame. Unemployment leads to high rates of depression especially among men. It places immense strain on marriages and families who despair over the inability to meet the needs of their children.
Any legislation that encourages citizens to continue working helps to maintain consumer spending levels and the overall health of our economy.
Mass layoffs injure not only workers of the company directly involved but all businesses in the local economy. Businesses such as restaurants, retail clothing, electronics and furniture stores, grocery stores and automobile dealerships suffer greatly from unexpected layoffs. In turn those companies can be forced to implement hiring freezes, pay cuts and/or layoffs themselves.
This proposed legislation should be viewed less as worker rights legislation and more as insurance for local economies and state budgets to attenuate the shock of mass layoffs and reduce the states dependence on the federal government.
Thank you for your time and consideration.
Revelations about the health of the South Carolina Employment Security Commission (ESC) and the Unemployment Insurance Fund have prompted the SC legislature to draft new legislation to reform the state%u2019s ESC.
Legislation that would require companies to provide two weeks notice to employees prior to layoffs would:
- Reduce the burden on states%u2019 unemployment insurance budgets by giving workers the opportunity to look for other employment before their current tenure expires.
- Reduce states%u2019 dependence on federal assistance, thereby preventing further increases of the burgeoning national debt and states%u2019 debt to the federal government.
- Lower the unemployment rate.
- Lower the rates of home foreclosures.
- Maintain consumer spending levels.
- Save companies money when laid-off employees are able to find work elsewhere.
- Lower occurrences of unemployment insurance fraud.
- Lower the numbers of laid-off workers that choose to %u2018milk the system%u2019 by encouraging them to get back to work.
- Increase consumer confidence.
- Reduce stress on families and their children.
- Reduce rates of depression among unemployed workers.
- Lower the crime rate.
Americans want to work and most face the prospect of applying for unemployment benefits with reluctance and often shame. Unemployment leads to high rates of depression especially among men. It places immense strain on marriages and families who despair over the inability to meet the needs of their children.
Any legislation that encourages citizens to continue working helps to maintain consumer spending levels and the overall health of our economy.
Mass layoffs injure not only workers of the company directly involved but all businesses in the local economy. Businesses such as restaurants, retail clothing, electronics and furniture stores, grocery stores and automobile dealerships suffer greatly from unexpected layoffs. In turn those companies can be forced to implement hiring freezes, pay cuts and/or layoffs themselves.
This proposed legislation should be viewed less as worker rights legislation and more as insurance for local economies and state budgets to attenuate the shock of mass layoffs and reduce the states' dependence on the federal government.
Thank you for your time and consideration.
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