Just out of curiosity, suppose Arnold grew a pair and laid off thousands of workers. How is unemployment funded in CA? If it is a state controlled fund built by employers’ payments? If so, has it been raided and emptied like so many other states?
Unemployment in California is paid by the employer. So it is funded by all employers in the state. We have about 15% unemployment here. When the unemployment check comes it is drawn off that fund. Thankfully, 85% are still working and their employers are still contributing.
The downside is that when the fund is low the rate of unemployment to the employer is raised. Even if you have no claims it doesn’t matter it goes up across the state. Essentially punishment for those hanging in there when the state has massive lay offs—which is now what will happen.