Unemployment benefit

Definition and stakes

Portrait of Lynden Livingston Macassey Lynden Livingston Macassey,  Labour policy—false and true (1922)

“ In regard to unemployment benefit, every one for whom no suitable work was available at the Employment Exchanges, or through his or her Trade Union, was to be paid maintenance, which, including benefits under the Unemployment Insurance Acts, should amount at least to 40s. per week for each householder and 25s. per week for each single man or woman over eighteen, with additional allowances for dependants. ”
Source: Gutenberg

Portrait of Arthur Greenwood Arthur Greenwood,  The War and Democracy

“ The scheme applies only to unions suffering from abnormal unemployment. There are also conditions that they "should not pay unemployment benefit above a maximum rate of 17s. per week, including any sum paid by way of State unemployment benefit," and that they "should agree while in receipt of the emergency grant to impose levies over and above the ordinary contributions upon those members who remain fully employed." ”
Source: Gutenberg

Portrait of Thomas Cool Thomas Cool,  Definition & Reality in the General Theory of Political Economy

“ Generous as arrangements can be, people fundamentally still react to incentives. Welfare state arrangements tend to reduce the base of the economy of those participating in the workforce and they increase the burden on those. The welfare state also tends to generate more unemployment and inflation. While unemployment would ‘traditionally’ cause people to lose their income and thus to be more cautious with their wage demands, in the welfare state they receive an unemployment benefit and may continue tot insist on high wages. ”
Source: Gutenberg

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