First, benefits are usually given out because the unemployed deserve them, which is by no means wrong, but it does not work in the long run. Unemployment benefits must be given out as a matter of need, or the program will become far too expensive. Secondly, the cost of supplying unemployment insurance, especially if it is given as a right, is too much for an economy to handle. Everyone would have to pay; therefore, prices increase, and the same issue arises. Those without a steady income are unable to purchase the necessities to live. Some may argue that supplying the unemployed with purchasing power would improve their standard of living and the economy, and while it may improve the standard of living, supplying the unemployed with purchasing power providing by the public does nothing for the economy. By providing for the unemployed in this manner, prices increase so business can maintain a profit, and the unemployed face the same problem again. Another argument for unemployment insurance is that it would support those unable to work, but this faces the same issue as the last argument. By increasing the range of people supported, the price to provide the service increases, which increases prices so businesses can maintain a profit. Finally, to remedy these issues, businesses should instead look at replacing their elderly workers with young ones and creating a reserve fund to pay their employees when the employee is unable to
First, benefits are usually given out because the unemployed deserve them, which is by no means wrong, but it does not work in the long run. Unemployment benefits must be given out as a matter of need, or the program will become far too expensive. Secondly, the cost of supplying unemployment insurance, especially if it is given as a right, is too much for an economy to handle. Everyone would have to pay; therefore, prices increase, and the same issue arises. Those without a steady income are unable to purchase the necessities to live. Some may argue that supplying the unemployed with purchasing power would improve their standard of living and the economy, and while it may improve the standard of living, supplying the unemployed with purchasing power providing by the public does nothing for the economy. By providing for the unemployed in this manner, prices increase so business can maintain a profit, and the unemployed face the same problem again. Another argument for unemployment insurance is that it would support those unable to work, but this faces the same issue as the last argument. By increasing the range of people supported, the price to provide the service increases, which increases prices so businesses can maintain a profit. Finally, to remedy these issues, businesses should instead look at replacing their elderly workers with young ones and creating a reserve fund to pay their employees when the employee is unable to