Business Insider
- Pavlina Tcherneva, a Bard professor and one of the economists pioneering research into Modern Monetary Theory, said federally guaranteed jobs may address poverty and help communities better than universal basic incomes.
- The coronavirus pandemic wiped out millions of jobs, and one report estimated that 17.6 million unemployed Americans may not return to their pre-pandemic jobs.
- Tcherneva said guaranteeing a public service job could lead to improvements on community-wide issues like public health and access to food — while eradicating unemployment completely.
Tuesday, July 7, 2020
A universal jobs guarantee is the bold new solution for how to bring back all the workers sidelined — Allana Akhtar
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4 comments:
Be bold or be ignored.
Bold new solution??? It's hardly a "new" idea: the first job creation / workfare / JG scheme I know of was implemented by Pericles in Ancient Athens about 2,500 years ago.
How many of those involved "QE for time options" at the central bank with a free floating fiat currency?
That's the bit that's new.
The guarantee bit of the Job Guarantee is that guarantee you can sell your labour hours to the currency issuer. "Creating jobs" is a sideshow that may not even be required.
Great to see you here again, Neil. Excellent points as usual.
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