Obama's job aid plan - $10,000 to $13,000 in assistance for entrepreneurship

Post by [deleted] » Mon, Sep 12, 2011, 2:51 PM UTC

anamax wrote: post #10

jwb119 wrote: post #3

About time. The policy of forcing a decision for laid off people between 1) sitting around doing nothing (i.e. "looking for a job") and being eligible for free money vs. 2) trying to start something which could have an an impact in not only getting that person back into a paying position but also on the economy as a whole (and thereby being ineligible for money) needed to end

> The policy of forcing a decision for laid off people between 1) sitting around doing nothing (i.e. "looking for a job") and being eligible for free money vs. 2) trying to start something There was no such policy - there was no such "decision". The standards for "looking for a job" are/were low enough that one could be trying to start something at the same time. (I know - that's what I did.) While we like to talk ab…

Post by ansy » Mon, Sep 12, 2011, 2:52 PM UTC

tibbon wrote: post #18

maratd wrote: post #16

Earlier quoted context omitted.

> Strange question, but couldn't you always do this? No. For you to receive unemployment insurance you must prove that you are actively seeking a job. I suppose you could have invested the time into looking for a job while spending the rest of it starting a business, but this will provide you with an explicit option to start your own business. That will encourage more people to do so.

Right. Let's say I was searching for a job, but doing Rails work on the side (not a startup per-se, but you know... doing startupy like work). I could spent 1 day per week looking for a job, and 4 to 6 days a week coding for people. All the proceeds go into a consulting firm which I hold ownership of. But yes, it is good for this to be official now.

Post by muhfuhkuh » Mon, Sep 12, 2011, 3:10 PM UTC

philiphodgen wrote: post #32

1. I run a business. Therefore I make jobs. Or don't. 2. If I fire an employee, a portion of the cost of that person's unemployment claims is charged back to me. The employer. It isn't government largesse that funds unemployment claims. It's me. 3. Will this program be yet another potential cost to me? Hard to tell from the PR and press-gab. We'll have to see the law and how it is implemented. Devil in the details, e…

Post by GBond » Mon, Sep 12, 2011, 3:22 PM UTC

Post by bricestacey » Mon, Sep 12, 2011, 3:25 PM UTC

maratd wrote: post #5

becomevocal wrote: post #2

This seems really cool and all, but what are we talking about in terms of wait time and hurdles to jump through? Anyone know details? I've looked into and seen others go through grant processes and they are often terrible. Hope it isn't similar.

This isn't a grant. It's a modification of the rules for unemployment insurance. It's a good change. It allows you to use unemployment insurance to pursue your own business for about half a year. Of course, for you to be eligible for unemployment insurance, you had to have been employed at some point and gotten fired. It's also a paltry sum. But, again, any movement in the right direction is a plus.