The effects of unemployment spread like a virus — David Brancaccio and Candace Manriquez Wrenn [JG]

Over 44 million jobless claims have been filed in the last 12 weeks, and some of those jobs are gone forever. The call for big ideas in job creation, like President Franklin Delano Roosevelt’s New Deal, are growing louder. One such idea, the job guarantee, was once seen as fringe but is gaining acceptance. The concept is simple: For everyone who wants a job, a job will be provided by the government.

Pavlina Tcherneva, an associate professor of economics at Bard College and author of the forthcoming book “The Case for a Job Guarantee,” says a job guarantee could be the key to the recovery of the post-COVID-19 economy.

The following is an edited transcript of her conversation with “Marketplace Morning Report” host David Brancaccio....

Marketplace
The effects of unemployment spread like a virus
David Brancaccio and Candace Manriquez Wrenn