I’m about to start writing about the new proposal from Stephanie Kelton and her colleagues at the Levy Institute on the guaranteed jobs program, a proposal, by the way, that’s starting to get some serious notice.
But ahead of that work I want to consider an extreme case, but not an unlikely one. What if, in the future, there simply aren’t enough jobs for everyone? What then?
Put more simply, what’s the underlying assumption behind the world of the Jetsons? The late Stephen Hawking, in his last Reddit AMA appearance, has the answer....Naked Capitalism
Gaius Publius: Stephen Hawking on What Killed the World of the Jetsons. Prelude to Thoughts on a Guaranteed Jobs Program
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