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Launch an unemployment insurance scheme

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Insurance-related, Plz further elaborates the ideas below and add source/ data if possible. You can add and reference any source, data, as long as it`s up to date and happen in HK.

Why should the HKSAR government take the lead to launch an UNEMPLOYMENT INSURANCE scheme?

  • They have the financial resources to start the program. The taxes collected from the people are handled by the government so they are also the ones who can release them for important purposes.
  • They have the power to persuade others into getting unemployment insurance. Because of the trust of the people in the government.
  • The HKSAR government has the power to coordinate with various public and private sectors to gain support and collaboration. Launching unemployment insurance is not just about the government and the beneficiaries, there are other sectors involved.
  • The government has the capability to build strategies and plans that can make the program a success.
  • They should launch this because they can, and it can help support those qualified people in need of financial assistance.

Reference no: EM133046521

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