Sunday , November 24 2024
Home / Mike Norman Economics / We Need a Jobs Guarantee Now More Than Ever — Paul Prescod

We Need a Jobs Guarantee Now More Than Ever — Paul Prescod

Summary:
Review of The Case For a Job Guarantee, by Pavlina Tcherneva (Wiley, 2020). An idea whose time has come. The demand for some version of a federal job guarantee is not new in US politics. Tcherneva highlights that the idea was part of the UN Declaration of Human Rights and Franklin D. Roosevelt’s Economic Bill of Rights, as well as a key issue raised during the Civil Rights Movement. Though there were some impressive federal job programs mounted during the New Deal, the author calls the Job Guarantee “the missing piece of the Roosevelt Revolution.”...  The Humphrey-Hawkins Full Employment Act. signed in to law on October 27, 1978 by President Jimmy Carter and codified as15 USC § 3101, also mandated full employment through US government policy. Effective action on it is overdue.JacobinWe

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it

Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister

New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice

Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.

Review of The Case For a Job Guarantee, by Pavlina Tcherneva (Wiley, 2020).
An idea whose time has come.
The demand for some version of a federal job guarantee is not new in US politics. Tcherneva highlights that the idea was part of the UN Declaration of Human Rights and Franklin D. Roosevelt’s Economic Bill of Rights, as well as a key issue raised during the Civil Rights Movement. Though there were some impressive federal job programs mounted during the New Deal, the author calls the Job Guarantee “the missing piece of the Roosevelt Revolution.”... 
The Humphrey-Hawkins Full Employment Act. signed in to law on October 27, 1978 by President Jimmy Carter and codified as15 USC § 3101, also mandated full employment through US government policy. Effective action on it is overdue.

Jacobin
We Need a Jobs Guarantee Now More Than Ever
Paul Prescod

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.

Leave a Reply

Your email address will not be published. Required fields are marked *