Some of the “99ers”” unemployment benefits are about to run out and the government has to decide whether to extend again. If one hasn’t found a job after 99 weeks of looking, there is a possibility that there may be an issue with the candidate rather than the economy, which seems to be improving day by day.
As a result, extending unemployment benefits for the 99ers might be a waste of money as some argue. Not I. I think there is a serious case for extending unemployment benefits to well beyond 99 weeks. Stop being so smug!
99 weeks of unemployment benefits is such an arbitrary number frankly. Why not 78, 63, or 103 weeks instead? Who knows these things. What I think the government should do is employ a “Shock & Awe Yeah” (SAY) unemployment policy of up to 260 weeks (5 years) provided one has worked for 5 years before applying. If one has only worked for 2 years, then s/he will get 2 years of unemployment benefits and so forth. Why such a long unemployment benefit level you ask? Why not!
TWO MAIN BENEFITS For Unemployment Benefits
99 weeks is already a pretty long time to collect unemployment checks. There’s really no difference between 99 weeks and 260 weeks. If you can’t find a job after 99 weeks, you likely aren’t going to have much luck in the 250th week of looking because by that time, you’ll have been unemployed for almost 5 years.
The government doesn’t want to let you starve, so hopefully after 5 years of living on a smaller check, you will become very frugal and adaptable to a lower income. Your more self-sufficient self will become much less of a fiscal burden down the road as result.
The second and most important benefit of extending the safety net to 5 years is the amount of creativity and boldness that will result from millions of employees everywhere.
If you have a job, and know that you have a 5 year safety net, you are going to take more risks, work harder, and come up with new ideas. You will stop being afraid of standing out in your organization. You will stop being another worker drone checking in and checking out.
READ MY LIPS: SHOCK & AWE YEAH WILL WORK
The beauty of “Shock & Awe Yeah” is that as the economy recovers, the chances of people requiring 2, 3, 4, 5 years of unemployment benefits greatly diminishes. Meanwhile, this brilliant policy will galvanize people to work harder and be more productive, generate more profits, increase hiring and further eliminate the need for “Shock & Awe Yeah”!
So what do you think guys? Should we suggest our Big Government friends to extend their reach and shake up the unemployment benefits duration?
Updated for 2020: Enhanced Unemployment Benefits During A Pandemic