It is a good idea to have an emergency fund to meet unexpected expenses and pay for basic necessities in case of loss of income or loss of employment. (lifeoncredit.ca)
But so is the ability to use points to pay for the basic necessities of life, including gas and groceries. (creditcards.com)
When a person working that much can't pay for basic necessities without a government bailout, then there is indeed a problem with the cohesion of society, in that a group of employers gets the entire society to underwrite their labor costs via government «handouts.» (firstthings.com)