An examination of Canada's unemployment insurance program and its effects on the Canadian economy.
Written in 2006; 2,122 words; 6 sources; APA; $ 66.95
Paper Summary:
This paper examines Canada's Employment Insurance (EI) program, which has been largely negative for Canada's economic growth but relied upon by workers. It explains how employers are often penalized for their participation and receive little in the way of financial incentive to generate new jobs or higher salaries. The paper also shows that the Canadian government should equalize the contribution limits of the EI by the employer and the employee, because then employers would receive some reprieve from the financial severity of supporting the majority of the EI programs and services. The writer concludes that the EI is counter-productive to robust economic performance as well as to long-term, stable economic growth.
Outline:
Abstract
Overview
Foreign Labour
Economic Impact
Elevating the EI
Conclusions
From the Paper:
"Canada, as most other leading economies in the West, offers a comprehensive employment related insurance program that provides for work related payment benefits in the event of layoff, job loss or other employment related issue that results in a covered inability to work. Previously, this system in Canada was referred to as the Unemployment Insurance but since 1996 has been simply termed the Employment Insurance (EI) and is a government program overseen by the Human Resources and Skills Development Canada or the HSSDC (Employment, 2006b). EI is very important to the Canadian economy and social services system because Canada relies on a large population of seasonal workers due to the harsher climates in some of its Provinces as well as to some of its seasonal industries."
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