An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
I like the $12-$15/hr jobs, 30 hours a week.I like the FTT, even if we don't need the revenues.Don't like letting local governments, non-profits, and small businesses administer the work. I'd rather see a Federal admin, with professional managers, similar to WPA.Fails to define "full employment." Work sharing is non-MMT. Overall, it would be a big step in the right direction, despite imperfections.
Dan two things - median Hourly wage was $16.57 including benefitsThe Bill states - Quote:They will pay comparable or prevailing wages, averaging $12-15 per hour, as well as benefits.The Full Employment Guidelines come from the original Humphrey Hawkins Act.Quote:The Act set specific numerical goals for the President to attain. By 1983, unemployment rates should be not more than 3% for persons aged 20 or over and not more than 4% for persons aged 16 or overThe Work share Act is a separate Act not introduced to Congress as yet.
"Taxing Wall Street speculation to pay for jobs..."How are you going to do that?Like that's ever going to happen. This bill is dead in the water.
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