Enhance federal regulation around unemployment insurance
Corporations in the predominantly anti-worker United States have few incentives to treat honest, hard-working employees fairly when it comes to unemployment and layoffs. While there is certainly an argument for a business to use layoffs as a valid business tool to control costs, restructure, etc., it is often used as a way of dumping liabilities owed to employees with little consequence to the business itself, and is often abusive to employees and creates instability within the economy.
There are several ways to regulate and end this abusive behavior:
1. Require corporations that layoff employees to pay full severance (equal to pay prior to lay off) directly to all employees. This provides the employee stability until they are able to find a new job. Finding a new job that can support a person or family takes time and can be expensive, both of which are factors against the employee in this situation, at no fault of their own.
2. Require that corporations pay all lost employee wages into FUTA to fully cover the employee's lost wages. A corporation paying $420 maximum per employee, per year means that employers have little disincentive from dumping massive numbers of employees via layoffs whenever they want and using society to foot the bill. This is not what FUTA was intended to cover and is being abused by corporations in the United States on a daily basis by corporations that pay little to no taxes and benefit off of the infrastructure and skillset of society at large.
3. Return FUTA to what it originally was, a social safety net that protected worker's when a company went insolvent and the worker lost their job. If a company laysoff workers and is not able to show a need to have done so to protect the business to keep it operational, then the layoff should be deemed to be not covered by FUTA and the employer should be 100% responsible for their actions in this regard vs treating their workers like assets to be bought and sold at a whim.
There are several ways to regulate and end this abusive behavior:
1. Require corporations that layoff employees to pay full severance (equal to pay prior to lay off) directly to all employees. This provides the employee stability until they are able to find a new job. Finding a new job that can support a person or family takes time and can be expensive, both of which are factors against the employee in this situation, at no fault of their own.
2. Require that corporations pay all lost employee wages into FUTA to fully cover the employee's lost wages. A corporation paying $420 maximum per employee, per year means that employers have little disincentive from dumping massive numbers of employees via layoffs whenever they want and using society to foot the bill. This is not what FUTA was intended to cover and is being abused by corporations in the United States on a daily basis by corporations that pay little to no taxes and benefit off of the infrastructure and skillset of society at large.
3. Return FUTA to what it originally was, a social safety net that protected worker's when a company went insolvent and the worker lost their job. If a company laysoff workers and is not able to show a need to have done so to protect the business to keep it operational, then the layoff should be deemed to be not covered by FUTA and the employer should be 100% responsible for their actions in this regard vs treating their workers like assets to be bought and sold at a whim.
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