by (Dan here…hat tip NDd for this post. Very long and well worth reading) By Lambert Strether of Corrente Toward a Jobs Guarantee at the Center for American Progress (!) I had another topic lined up today, but this (hat tip alert reader ChrisAtRU) is so remarkable — and so necessary to frame contextualize immediately — I thought I should bring it your attention, dear readers. The headline is “Toward a Marshall Plan for America,” the authors are a gaggle of CAP luminaries with Neera Tanden leading and Rey Teixeira trailing, and the “Marshall Plan” indeed includes something called a “Jobs Guarantee.” Of course, I trust Clinton operatives like Tanden, and Third Way types like Teixeira, about as far as I can throw a concert grand piano. Nevertheless, one sign of an
Topics:
Dan Crawford considers the following as important: Featured Stories, US/Global Economics
This could be interesting, too:
Angry Bear writes TSMC and Intel building Plants in Phoenix
Robert Waldmann writes The Expected Inflation Imp
Joel Eissenberg writes Colorado crop fraud
Eric Kramer writes Beyond price controls: Ozempic for all who want it, and a strategic food reserve
(Dan here…hat tip NDd for this post. Very long and well worth reading)
By Lambert Strether of Corrente
Toward a Jobs Guarantee at the Center for American Progress (!)
I had another topic lined up today, but this (hat tip alert reader ChrisAtRU) is so remarkable — and so necessary to
framecontextualize immediately — I thought I should bring it your attention, dear readers. The headline is “Toward a Marshall Plan for America,” the authors are a gaggle of CAP luminaries with Neera Tanden leading and Rey Teixeira trailing, and the “Marshall Plan” indeed includes something called a “Jobs Guarantee.” Of course, I trust Clinton operatives like Tanden, and Third Way types like Teixeira, about as far as I can throw a concert grand piano. Nevertheless, one sign of an idea whose time has come is that sleazy opportunists and has-beens try to get out in front of it to seize credit[1] and stay relevant. So, modified rapture.In this brief post, I’m going to look at the political context that drove CAP — taking Tanden, Teixeira, and the gaggle as a proxy for CAP — to consider a Jobs Guarantee (JG), briefly describe the nature and purpose of a JG, and conclude with some thoughts on how Tanden, Teixeira would screw the JG up, like the good liberals they are.