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Unemployment compensation |
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There was a time of great depression. At that time nearly twenty five percent working force had lost their jobs. The farmers were not included in those unemployed persons. Their economic situation was worst. Many of them were forced to sell off their farms. The banking system had collapsed. There was hunger and joblessness everywhere. The unemployment compensation scheme was created to give boost to the economy. The idea was to give the temporary economic benefit to the unemployed people. These people would spend this money on the necessary goods and services. This in turn would give the boost to the businesses. The closed mills and factories would open up creating more employment and better economic situations. The economic idea behind these unemployment compensation schemes was to give stimulus to the whole economy benefiting the communities and businesses also. This representative Jim McDermott has sponsored a new provision for this unemployment compensation program. This new provision can change this seventy four years old unemployment compensation program. The new provision will allow those persons who have left the job for ailing relatives to be eligible for this scheme. The introduction of this new provision has started a debate regarding this unemployment |
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