The proposal would offer experienced workers who now make less than $50,000 a form of wage insurance, allowing them to replace half of their lost pay. The benefit would cover up to $10,000 over two years.
The White House plan would require states to provide insurance for workers laid off from jobs they had held for at least three years. The plan would be federally-funded, but it would be administered through state unemployment insurance programs.
Other measures proposed by the White House on Saturday included a requirement that all states provide at least 26 weeks of unemployment insurance benefits, and the creation of a permanent program that would automatically provide up to 52 additional weeks of federally-funded benefits for states experiencing rapid job-losses or high unemployment.
The answer to unemployment and underemployment is not to subsidize it.