by Summary:
Some useful history as background, but still no addressing the basic issue directly — buffer stock of employed or buffer stock of unemployed. Absent a truly socialistic system, this is the key issue to address. The rest is detail. Based on efficiency and effectiveness, a full employment economy is optimal. Redefinition of "full employment" to include millions of people out of work or not working full time when they desire a full time job is a lame excuse for a buffer stock of unemployed or underemployed. Once it is admitted that idling works as a tool to target inflation based on NAIRU is bad idea, then the question becomes how to craft a bill to address this successfully Actually, it was already addressed and passed in Humphrey-Hawkins, but that bill was ineffective.
Topics:
Mike Norman considers the following as important: JG, Job Guarantee
This could be interesting, too:
Some useful history as background, but still no addressing the basic issue directly — buffer stock of employed or buffer stock of unemployed. Absent a truly socialistic system, this is the key issue to address. The rest is detail. Based on efficiency and effectiveness, a full employment economy is optimal. Redefinition of "full employment" to include millions of people out of work or not working full time when they desire a full time job is a lame excuse for a buffer stock of unemployed or underemployed. Once it is admitted that idling works as a tool to target inflation based on NAIRU is bad idea, then the question becomes how to craft a bill to address this successfully Actually, it was already addressed and passed in Humphrey-Hawkins, but that bill was ineffective.
Topics:
Mike Norman considers the following as important: JG, Job Guarantee
This could be interesting, too:
Michael Stephens writes Direct Job Creation in Greece
Michael Stephens writes Direct Job Creation in Greece
Martha Tepepa writes The “Thing” with Job Guarantee Programs…
Martha Tepepa writes The “Thing” with Job Guarantee Programs…
Some useful history as background, but still no addressing the basic issue directly — buffer stock of employed or buffer stock of unemployed.
Absent a truly socialistic system, this is the key issue to address. The rest is detail.
Based on efficiency and effectiveness, a full employment economy is optimal. Redefinition of "full employment" to include millions of people out of work or not working full time when they desire a full time job is a lame excuse for a buffer stock of unemployed or underemployed.
Once it is admitted that idling works as a tool to target inflation based on NAIRU is bad idea, then the question becomes how to craft a bill to address this successfully
Actually, it was already addressed and passed in Humphrey-Hawkins, but that bill was ineffective.
The US needs an effective law to address chronic unemployment and underemployment.
Econospeak
Jobs, Jobs, Jobs -- GUARANTEED!
Sandwichman