Obama to propose new unemployment insurance plan in budget


(Worthy News) – President Obama will include a new wage insurance scheme in his budget next month that would provide supplemental payments to workers who lose their jobs and end up taking new ones at lower salaries.

The wage insurance payments could temporarily cushion the financial blow to displaced middle-class workers, including those hurt by free trade, globalization and technological change.

The president’s budget proposal will also include new protections for others who lose their jobs and training plans to help them get back to work quickly. [ Source ]

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