What is wage insurance?
wage insurance is an idea enacted in some countries and only in others. It deals with the question of what happens when job loss occurs, especially as a result of a major decline in industries and workers cannot find a new job at the same salary rate. The desire to get people back to work is strong, but a lower wage could be a bar for work somewhere else. To solve this, the worker could be a subsidy of about 50-75% of wages for several years, which helps people return to work earlier. In Canada, employees can use a project of earnings when they return to work within 26 weeks of unemployment. The project is limited in time, lasted two years and does not do much to deal with huge differences in former and current earnings. For wage differences, it will only provide a maximum of $ 250 (about $ 230 (USD)) per month and the maximum amount is determined by assessing 75% of wage loss. Some people may have much higher wage losses than this, which would reduce the program to startRat to work.
Similar plans for wage insurance have been designed in places such as the US, and there is a healthy argument that exists about the benefit of one of these proposals. Some do not apply to the start of any type of other government's claims, while others think it could be useful to bring workers back to work and, beyond all unemployment benefits or use other claim programs such as social care. Many of them claim that no proposed plan has been far enough and others claim that the introduction of wage insurance could simply eliminate any moral obligations that employers could feel for employees and encourage them to release workers and move to cheaper places or outside the country.
It is interesting that wage insulneration does not necessarily have to obtain support from only one political party. For example, in the presidential campaign in 2008 expressed republishes and Democrats with some support for this idea. Conceptually, the idea refers to some and not others, and it is not always easy to predict the response to it on the basis of political orientation.
There are several very limited wage protection programs in the US. These include a program for helping an alternative store for older workers. For older workers who cannot be retrained in new jobs, the US can enter and offer a two -year subsidy for lower paid work. This could cover up to 50% of lost wages for more than $ 5,000 per year.
There are other forms of wage insurance that people can think of when they hear this term. For example, unemployment insurance is a form of protection of a worker who will become unemployed. The main distinction between unemployment and wage insurance is that wage insurance is to protect the wage or pay the employee earns and tries to keep it in a certain percentage, even if the employee is moving to a new job.