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Home / Mike Norman Economics / Universal basic income isn’t enough — the US needs to start giving every citizen a job, argues a star left-wing economist — Allana Akhtar

Universal basic income isn’t enough — the US needs to start giving every citizen a job, argues a star left-wing economist — Allana Akhtar

Summary:
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. Business InsiderUniversal basic income isn't enough — the US needs to start giving every citizen a job, argues a star left-wing economist Allana Akhtar

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  • 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.
Business Insider
Universal basic income isn't enough — the US needs to start giving every citizen a job, argues a star left-wing economist
Allana Akhtar
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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