Unemployement costs

Share Unemployment is universally recognized as a bad thing. While economists and academics make convincing arguments that there is a certain natural level of unemployment that cannot be erased, elevated unemployment imposes significant costs on the individual, the society and the country. Worse yet, most of the costs are of the dead loss variety where there are no offsetting gains to the costs that everyone must bear.

Unemployement costs

Photo via Eileen White Update: This morning at 6 a. Stand with them now! Today, unions of working people at Verizon announced that they will strike on Wednesday morning if their bosses fail to come to the table to negotiate a mutually beneficial agreement.

During the last round of contract negotiations inVerizon came to the table with a long list of demands that would have undone decades of hard-earned progress. When Verizon came to the table last year with an eerily similar opening proposal, it was clear that the telecom giant has a long-term agenda to cut jobs that sustain families, decrease its menu of services they offer to many of our communities and offshore and contract out work overseas and to contractors.

As you see the news about the strike playing out in the press or discussed in conversations in your town, here are five reasons to back the working people at Verizon in their negotiations with the telecommunications giant: Verizon makes billions each year, yet they still expect people to do more with less.

Apparently, Verizon corporate bosses are unsatisfied with their massive profit margins and want to make working people do more with less. In negotiations thus farVerizon has asked its loyal workforce for huge cuts to retirement security and benefits to people injured on the job, increases in employee health-care costs, and elimination of job security.

Additionally the company wants to uproot technicians to work away from home for as long as two months without seeing and taking care of their families who depend on them. These are life-altering changes to the men and women at Verizon who are just trying to pay their bills and ensure a brighter future for their families.

Unemployement costs

Instead of putting forward reasonable negotiating terms, Verizon has invested resources in training 15, employees to take over in the case of a work stoppage. Verizon has also given its non-union employees a mobile surveillance app that can monitor and take geotagged photos of union members throughout negotiations.

Unemployement costs

Verizon wants to get rid of good union jobs and outsource instead. The men and women in union who work at Verizon have worked hard to create better workplaces for themselves and those that follow.

But just like inVerizon wants its employees to give them the thumbs up to contract out workreplacing good, hometown jobs with cheap labor. Sincethe percentage of Verizon employees in union has dropped from nearly 70 percent to less than 30 percent.

Verizon refuses to expand FiOS. Consumer demand for high-speed Internet is higher than ever. Several years ago, Verizon got tax breaks and rate hikes in exchange for expanding FiOS, its high-speed Internet, phone and video connection, throughout the Northeast.

But inVerizon announced it would no longer expand its FiOS service, leaving customers in many places without access to high-speed Internet.

Why would the company not want to increase its customer base for a popular service? The company has also been accused of redlining poor and minority communities. In New York, the FiOS expansion was concentrated in affluent city suburbs, while low-income, urban areas were left behind.

Verizon has a long history of ripping off taxpayers through tax evasion. Verizon is also culpable of stashing money abroad to avoid paying income taxes.

Which makes our position just as clear: Stand with working people at Verizon now!Unemployment or joblessness is the situation of actively looking for employment but not being currently employed..

The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor torosgazete.com periods of recession, an economy usually experiences a relatively high.

Severance pay comes in five forms: None at all Unemployment compensation Severance Pay Plans Voluntary Severance Pay (rare today) and Bargained for Severance by .


ADP helps you tackle and optimize your unemployment claims process, making it much easier to face the ever-changing compliance requirements and rising costs. Kind of the same thing happened in my country too. But after they increased the minimum wage there were a lot of people who started to work illegally without any kinds of papers because the companies weren’t hiring people anymore because of the new minimum wage.

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Unemployment Insurance. The Unemployment Insurance (UI) program pays benefits to workers who have lost their job and meet the program’s eligibility torosgazete.com you have become unemployed, you may file a UI torosgazete.com may be eligible for UI benefits if you meet all eligibility requirements.

About the Author Nicholas Baker is a practicing family law attorney with over a decade of experience handling divorce, child custody, child support, and domestic violence matters in the courtroom.

Information for Unemployment Insurance Applicants (Claimants) - Division of Unemployment Insurance