Tag Archives: JG

Useful backgrounder, although short on MMT. Mentions Stephanie Kelton but that is about it. It does outline the history though, which is helpful in understanding that a job guarantee is not a new idea.The Daily BeastHow Guaranteeing Jobs Became the Hot New Policy Priority for 2020 Dems Gideon Resnick ht Yves Smith at Naked Capitalism

Now, I think modern monetary theory has this right. The WeekHow much would a job guarantee actually cost? Jeff Spross

Here is a quote from John Maynard Keynes, writing in 1933: If I had the power today I should surely set out to endow our capital cities with all the appurtenances of art and civilisation on the highest standards of which the citizens of each were individually capable, convinced that what I could create, I could afford – and believing that money thus spent would not only be better than any dole, but would make unnecessary any dole. For with what we have spent on the dole in England since the...

Despite reports of a healthy US labor market, millions of Americans remain unemployed and underemployed, or have simply given up looking for work. It is a problem that plagues our economy in good times and in bad—there are never enough jobs available for all who want to work. L. Randall Wray, Flavia Dantas, Scott Fullwiler, Pavlina R. Tcherneva, and Stephanie A. Kelton examine the impact of a new “job guarantee” proposal that would seek to eliminate involuntary unemployment by directly...

Pump-priming Keynesianism versus MMT macroeconomic stabilization. I think you can replicate these benefits [of the JG] through two recommendations I called for in my recent paper on job creation: Get macroeconomic policy right by ensuring aggregate demand is at a high enough level to support macroeconomic full employment Undertake lots of public investment that will create and sustain jobs, as well as providing crucial goods and services that private markets won’t Fails to consider the...

My work on the Job Guarantee spans more than 25 years. The following paper [pdf] operationalizes the proposal for the United States.​Below are some easy-to-share answers to Frequently Asked Questions that I address in the paper.This webpage is intended to be a 'living document' that will be expanded and edited in response to new questions/concerns.​Please feel free to share with proper attribution. I welcome your comments [about]. Tcherneva, Pavlina, R. 2018. "The Job Guarantee: Design,...

Longish but worth a read. Covers a lot of ground.The InterceptA Guaranteed Jobs-For-All Program Is Gaining Traction Among 2020 Democratic Hopefuls Kate Aronoff

The U.S. government could commit to full employment by offering any willing and able person a job in public service. But should it? Known as a job guarantee, the once heterodox idea went mainstream last year with the endorsement of the Center for American Progress. While the specifics of any particular plan vary, CAP proposes “a large-scale, permanent program of public employment and infrastructure investment—similar to the Works Progress Administration during the Great Depression but...

Amid a recent upsurge in support for a national job guarantee program, L. Randall Wray, Stephanie A. Kelton, Pavlina R. Tcherneva, Scott Fullwiler, and Flavia Dantas outline a new proposal for a federally funded program with decentralized administration. Their Public Service Employment (PSE) program would offer a job—paying a uniform living wage with a basic benefits package—to all who are ready and willing to work. In advance of an upcoming report detailing the economic impact of the PSE,...

Going mainstream. Some prominent Democrats are already embracing a JG.The NationWhy Democrats Should Embrace a Federal Jobs GuaranteeSean McElwee, Colin McAuliffe and Jon Green