John Carney — The Problem with the ‘Job Guarantee’ Is Not That It’s Too Expensive. It’s That the Left Hates Us

Summary:
John Carney makes interesting points pro and con. Most of the cons are about politicization of the program since the JG as it is being presented and supported is clearly a Democratic program and "leftist" idea. He points out that this needn't be so. A value-neutral JG program can also be designed to appeal cross the political spectrum. JG supporters should listen to this. A JG is really a populist program that favors people, and firms will oppose it. For, as Carney points out, employers depend on disciplining labor power to control the wage bill.Breitbart NewsCarney: The Problem with the ‘Job Guarantee’ Is Not That It’s Too Expensive. It’s That the Left Hates Us John CarneySee also It's complicated.... More pertinent questions. None of this means we should reject a job guarantee out

Topics:
Mike Norman considers the following as important: JG, MMT, Pavlina R. Tcherneva, Warren Mosler

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