I just returned from the big annual meeting of economists (this time in Philly), at which we had a panel on the Job Guarantee. One of the papers on our panel was by William (Sandy) Darity and Darrick Hamilton, which demonstrated how imperative it is to implement the JG to reduce hiring discrimination in the labor market. Darrick (who presented the paper) pointed out that official unemployment rates for black Americans is chronically twice as high as that for whites; by conventional views of what constitutes Great Depression levels of unemployment, black Americans are in a Great Depression and are always suffering from at least recession levels of unemployment…
Here are three recent, interesting, pieces on the JG proposal, two by Sandy Darity and one by Jesse Myerson at Rolling Stone.
Economonitor — Great Leap Forward
Push for Job Guarantee Gains Momentum
L. Randall Wray | Professor of Economics, University of Missouri at Kansas City
