The U.S. government could commit to full employment by offering any willing and able person a job in public service. But should it? Known as a job guarantee, the once heterodox idea went mainstream last year with the endorsement of the Center for American Progress. While the specifics of any particular plan vary, CAP proposes “a large-scale, permanent program of public employment and infrastructure investment—similar to the Works Progress Administration during the Great Depression but modernized for the 21st century.”Conservative objections based on conservative ideology and values.
Proponents argue that involuntary unemployment is a major source of social instability, and that public service employment, in particular, would help bring the country together. Nevertheless, here are three quick reasons why I don’t think a job guarantee is the way to go....
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.
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“…a large-scale, permanent program of public employment and infrastructure investment..”???? That rather contradicts another recent article on JG (Levy Policy Note 2018/2 by Kelton, Tcherneva etc, p.3) which advocates steering clear of large scale construction projects.
ReplyDeleteAdvocates of JG need to get their act together.
This article is anti-JG. So expect erecting a straw man to attack.
ReplyDelete