Unemployment Insurance Quotes
This was written in the early years of the Great Depression. Over 25 percent of Americans were out of world. The stock market had crashed and many banks failed wiping out family savings where there was any. Social Security, Bank and Stock Market Regulations were not yet passed. The New Deal government was just starting creating jobs, but there was great concern that the capitalistic system had failed. Thomas and other critics were right that the U. S. Government had not before used its machinery for “ease and security of living”; they called for the adoption of state socialism. President Roosevelt however instead reformed American capitalism by adding substantial regulation, provided direct relief to the unemployed poor, stimulated the economy, created Social Security, Federal Deposit Bank Insurance, unemployment insurance and initiated massive public works programs. It took almost a decade but American Capitalism was saved and transformed to the greatest industrial output and standard of living increase the world had known. It was not until 2008 that the capitalistic American economy melted down again. Regulation of corporations had diminished. The banks failed and had to be bailed out again but as the result of Social Security, Unemployment Insurance and other programs there was some cushioning of the effect of the Great Recession. The middle and lower class insecurity was back along with the wealthy taking a much larger proportion of the national wealth. The big difference was that few called for an end to capitalism and the political debate was on how best to fix the weaknesses of capitalism. Even most socialists around the world had built their Social Democracies around a capitalistic economic structure.
Mormons in later years found this principle difficult to enforce where there was unemployment and workers were idle through no fault of their own. The local Mormon churches were very active in encouraging wealthier Mormons to hire those who were unemployed.
This statement was a total reverse of his predecessor’s policy. Hoover stubbornly refused to consider any direct relief for workers on the philosophical ground that it would weaken their character, make them dependent, and provide benefits for the people who were not working so the motivation to work would be lessened. When FDR pronounced this on the radio, it dramatically reversed U. S. policy and gave many people hope that the government might do something about the depression rather than just wait out the business cycle.
He wanted to condition long term unemployment insurance payments on the recipient taking training courses or other means of improving his/her skills and becoming more employable. He was opposed on the left by those who observed that this was insurance; the working nothing from the government; the worker had paid for it when he/she was working. It was his and was not conditioned on government requirement. The right wing opposed the idea as they had always wanted the out of work people to have little or no other opportunity than to take the worst and lowest paying jobs in the society. They also pointed out that if training was to be provided, it would cost more and not less. But Gingrich and his supporters on this idea observed that there were many jobs available even with the high unemployment rate; the unemployed workers just did not have the skills to do these jobs. Train them and unemployment would go down. The investment in unemployment insurance and training would pay off many times over.
With entitlement programs, Congress and the Administration have very little control over the annual expenditures because once someone is legally entitled to a benefit, the government must pay it. It is not a matter of discretion but an obligation.
The minimum wage has never come close to meeting this ideal criterion in any country of the world. At the same time, health insurance costs in the U. S. and some other countries has been increasing at a much greater rate than wages, making this ideal situation even more unattainable.
