California’s Unemployment Fund is ‘Broken,’ New Report Finds
KQED's Forum
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California's Unemployment Crisis: Financial Strains and Reform Needs
This chapter explores the financial challenges facing California's unemployment system, highlighting its reliance on outdated tax structures and extensive federal borrowing during the pandemic. The discussion includes the tensions between business and labor groups over proposed tax increases needed for reform, while emphasizing the necessity for a more sustainable funding model. It also examines the political implications of these issues and the critical need for collaboration to address the state's unemployment support mechanisms.
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