17 Comments

Duh — unemployment benefits are insurance! I never thought of it that way before. Thank you for calling out the origin of a benefit I was quite grateful for during the pandemic.

Expand full comment

Companies pay the premiums just like you and I pay for car insurance. Premiums increase when costs go up! That’s why big business lobbies congress.

Expand full comment

Today’s column is the type that got me hooked on this newsletter. It’s like Paul Harvey used to say during his radio broadcasts: “And now, the rest of the story.” I lived for a few years during the mid-late 70s in a small town just out of range of decent FM radio stations. Mr. Harvey was on an am station I ran across. His broadcast was a bright spot in my days.

“Paul Harvey Aurandt (September 4, 1918 – February 28, 2009) was an American radio broadcaster for ABC News Radio. He broadcast News and Comment on mornings and mid-days on weekdays and at noon on Saturdays and also his famous The Rest of the Story segments. From 1951 to 2008, his programs reached as many as 24 million people per week. Paul Harvey News was carried on 1,200 radio stations, on 400 American Forces Network stations, and in 300 newspapers.”

- Wikipedia

Expand full comment

I loved listening to Paul Harvey.

Expand full comment

And Long John Nebel, if we’re going into tangent land

Expand full comment

You forgot to tell us about the laptop..

Expand full comment

I could be wrong, but I took Bill’s “remind me” as a signal that he would fill us in another time.

Expand full comment

Haha, just being impatient..

Expand full comment

Great story on EB and Paul. I never knew the history of unemployment insurance! Always learn from you every day. Thanks Bill!!!

Expand full comment

It’s interesting that Wisconsin was also the 1st state to pass a Worker’s Compensation law! Love this story because I’m a proud UW grad!

Expand full comment

Some folks have dreams when they were children that focused them throughout their lives. I was one of them.

As a child, I would go around rubbing people’s backs. My parents put a stop to that immediately. Then I would pet animals. That was stopped too. I shut down. When I was in my 20’s, I was told that I was to be a massage therapist. I rolled my eyes, but took vacations learning alternative ways of healing, being told at each one that I should be a healer. Again I rolled my eyes. Finally at 45, I was frustrated at my non success and again told to look into being a massage therapist. So I finally went with it. Now I’m in my 70’s, I have two interns and am booked for the year with clients. Ya never know...

Anyone else have something like this happen?

Expand full comment

Yup, me too.

All through high school my dream was to be a professional musician. I practiced for hours on end. I had an opportunity when a scholarship was offered by a prestigious music university. However, my father insisted I go to business school.

When I look back on those days I realize my talent level probably wouldn’t have gotten me very far.

I continued to work all kinds of other jobs of a creative nature.

Ultimately, I did get hired by one of the coolest music companies in the world.

That simple dream helped me discover my true calling. I opened up my own shop and never looked back.

Life throws you a lot of twists and turns. You just have to learn how to navigate them.

Expand full comment

Really enjoyed this story. Thank you for sharing.

Expand full comment

I echo the Paul Harvey sentiments and thank you for finding stories like this. So much bad news makes the inspiring stories that much more precious!

Expand full comment

This is a marvelous story Bill. It is funny how family stories, if passed on at all, can get lost in the everyday shuffle of life. So good for everyone that this story didn’t.

Now, on another path entirely, please explain how this new feature on Substack will benefit you and help subscribers at the same time. Thanks Big Guy. I hope y’all had a good opportunity to unwind and took it.

Expand full comment

Bill, the sentences at the end are the sort for me. We never know what another person has going on. They may be a Nobel Prize winner or they may be the guy next door, but listening to them and understanding where they are at in life is the nexus point for me.

Expand full comment

Simply put, I just love reading your newsletter, even days afterwards. The way you write invites the reader to make up their mind, not "here is what you should think".

Expand full comment