Regarding unemployment benefits: In many countries there are unemployment insurance funds set up so that one can maintain a somewhat reasonable level of income even in the event of unemployment.
The upside of having a system like that is that the burden to ”care for” the employee’s economical safety is not put solely on their current employer, but not solely on the employee either. In order to be eligible for payouts the employee has to pay in to the fund every month (something like ~14 USD) – and all companies are mandated to contribute pay in to this system.
Personally, I see few downsides with this system.
It’s important for the general economy that companies can be flexible and change direction, e.g. when the economy cools off or in the face of competition. Therefore I believe layoffs are sometimes necessary for the company to survive. But it’s also important – both for ethical and economical reasons – that layoffs doesn’t wreak havoc with the personal finances of the people being let go.
Regarding healthcare: To me it does not seem like a good idea to tie a person’s health insurance to their current employer. AFAICT this is a remnant of the US war economy during WW2. But that doesn’t mean that a system like UK’s NIH is superior. To me, the German model looks very reasonable where citizens are required to sign up for insurance but the benefits are not tied to the person’s employment. One can read more about it here: https://www.deutschland.de/en/topic/life/health-in-germany-h... I think Singapore has a similar system.
Yes, all stuff that the country's budget needs from you, you pay them manually each 1-3 months... or else.
That's more or less how it's best described. Once you are not an employee you need an accountant, or you need to be very well versed in the laws and the monthly payments to the country's budget yourself. If neither, some 6-12 months later you get persecuted and called in court, with the possibility to have some of your property confiscated.
E.g. here’s what it looks like in my locale: https://en.wikipedia.org/wiki/Unemployment_funds_in_Sweden
The upside of having a system like that is that the burden to ”care for” the employee’s economical safety is not put solely on their current employer, but not solely on the employee either. In order to be eligible for payouts the employee has to pay in to the fund every month (something like ~14 USD) – and all companies are mandated to contribute pay in to this system.
Personally, I see few downsides with this system.
It’s important for the general economy that companies can be flexible and change direction, e.g. when the economy cools off or in the face of competition. Therefore I believe layoffs are sometimes necessary for the company to survive. But it’s also important – both for ethical and economical reasons – that layoffs doesn’t wreak havoc with the personal finances of the people being let go.
Regarding healthcare: To me it does not seem like a good idea to tie a person’s health insurance to their current employer. AFAICT this is a remnant of the US war economy during WW2. But that doesn’t mean that a system like UK’s NIH is superior. To me, the German model looks very reasonable where citizens are required to sign up for insurance but the benefits are not tied to the person’s employment. One can read more about it here: https://www.deutschland.de/en/topic/life/health-in-germany-h... I think Singapore has a similar system.