Unemployment Insurance and the Canadian Economy Persuasive Essay by Quality Writers

Unemployment Insurance and the Canadian Economy
An examination of Canada's unemployment insurance program and its effects on the Canadian economy.
# 101024 | 2,122 words | 6 sources | APA | 2006 | US
Published on Feb 17, 2008 in Economics (Macro) , Economics (Labor) , Canadian Studies (Economics and Finance)

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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.

Foreign Labour
Economic Impact
Elevating the EI

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."

Sample of Sources Used:

  • Bermingham, J. (2006, January 10). Elderly farm workers ordered to repay $1-million: Employment Insurance benefits [National Edition]. National Post, p. A7.
  • Brautigam, T. (2006, June 2). Seasonal workers EI project comes under fire from critics. Western Star, p. 4.
  • Campbell, M. (2006, June 3). Importing Russian workers shows EI doesn't work :[Final Edition]. The Vancouver Sun, p. G3.
  • Employment Insurance pilot project for seasonal workers extended. (2006a, June 2). Cape Breton Post,p. A6.
  • Employment insurance. (2006b). Government of Canada (online). Retrieved November 30, 2006 from: http://www.hrsdc.gc.ca /en/ gateways/nav/top_nav/program/ei.shtml

Cite this Persuasive Essay:

APA Format

Unemployment Insurance and the Canadian Economy (2008, February 17) Retrieved April 20, 2024, from https://www.academon.com/persuasive-essay/unemployment-insurance-and-the-canadian-economy-101024/

MLA Format

"Unemployment Insurance and the Canadian Economy" 17 February 2008. Web. 20 April. 2024. <https://www.academon.com/persuasive-essay/unemployment-insurance-and-the-canadian-economy-101024/>