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Due to the necessity to construct extra office and lab area, I knew getting into that the separation date would not be for some time. It ended up taking longer than I anticipated. Some folks were released on the 6 month mark, however I ended up staying an additional three months. I had determined to return to high school to support a complete profession shift, so the timing worked out nicely. I left the company on the end of July and began on my masters in August. Including unused trip, I ended up with a few year of severance paid out as a bi-weekly paycheck. In addition, I had used the time between signing the paper work and actual separation to trim bills and construct up my cash reserves. Thus, I didn’t have any of the shock and panic that an unexpected speedy layoff usually causes.
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C.three. Assured Employment: The aim of a job guarantee program (JGP) is to carry the burden off the personal sector’s shoulders during times of gradual economic growth and provide all of the unemployed with a job. Pay could be based mostly on the federal minimum wage and legislated benefits would even be offered. The system would work like a pendulum: in a growth economic system employees would transfer from a JGP to the private sector and again to a JGP during occasions of economic bust.