Oliver Hartwich on the Government's Social Unemployment Insurance proposal
Dr Oliver Hartwich
3 February, 2022
This week the Government, joined by the Council of Trade Unions and BusinessNZ, launched a policy document on Social Unemployment Insurance.
The compulsory scheme would see employers and employees pay an additional 1.39% of an employee’s salary or wages. In return, employees who are made redundant would receive 80% of their wages for up to seven months.
Oliver Hartwich joins Mike Hosking, alongside BusinessNZ's Kirk Hope, to explain the perils of the government’s policy.