States explore huge benefit cuts to spur people to take jobs

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States explore huge benefit cuts to spur people to take jobs
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Republicans are leading efforts across the country to trim back jobless aid, a move that comes as companies complain about a lack of available workers to fill typically lower wage positions.

Lawmakers in Iowa, Kentucky and West Virginia are moving forward with plans to aggressively reduce how many weeks of unemployment pay workers are eligible for from 26 weeks to less than 10 weeks.

released this week, with roughly 11.3 million available positions at the end of February. That means there are roughly 5 million more openings than there are workers – or about 1.8 jobs per unemployed person. The maximum unemployment payment in Iowa is $531 per week for individuals with no dependents; for comparison's sake, that's about $27,500 annually, or close to double Iowa's minimum wage .

Kentucky, which has a current unemployment rate of 4.2%, offers a maximum of $552 in weekly benefits to the unemployed, about double the weekly minimum wage salary.Supporters of the bill, known as HB 4, say it's needed to boost workforce participation and help struggling businesses fill vacant job openings. Critics say the legislation would hurt the unemployed who lost their job through no fault of their own and are having difficulty finding a new role.

"We need to make our unemployment compensation system less expensive," Republican Sen. Charles Trump said of the bills. "That's a big part of being able to grow business."

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