It’s called “insurance” in the same way that Social Security and Medicare are.
The payments in have no connection to the payments out. The majority of those who (chronically) use it pay in an irrelevant pittance and are getting paid out large welfare checks. Those who never use it pay in very disproportionate amounts.
Congress has tacked on 26 week extensions half a dozen times over the past year, to the point where “unemployment” now runs 99 weeks!
That’s TWO YEARS of welfare if you can’t find your dream job, or don’t want to, or would be better off just taking a cash job AND the checks, like illegals/drug dealers.
99 weeks of unemployment benefits???? Canada only pays 52 weeks maximum. And you call us socialists????
I would feel ripped off if I had unemployment insurance taken out of my check for ten years, then didn’t get to collect any benefits if I were fired.
I am not in favor of unpaid-for extensions, though.