Tag Archives: Job Guarantee

How it worked, why it failed and how MMT Job Guarantee proposals avoid those problems Modern Money MattersThe UK’s Unofficial Job GuaranteeNeil Wilson

Disappointing. David Dayen surely knows that as currency issuer the federal government faces no limitation on the amount of currency it can issue, but he doesn't mention it.The InterceptWhether America Can Afford a Job Guarantee Program Is Not Up for Debate David DayenSee also With Senator Bernie Sanders in the forefront, some Democratic members of Congress are planning a bill to guarantee jobs that pay $15 per hour, not including mandatory benefits packages, for all Americans. Legislative...

There has been a bit of commotion recently about the Job Guarantee idea (AKA employer of last resort). I don't consider myself an opponent of the strategy but I do have several reservations about its political feasibility, the marketing rhetoric of its advocates, and its economic and administrative transparency. Some of these concerns I share with an analysis presented by Robert LaJeunesse in his 2009 book, Work Time Regulation as Sustainable Full Employment Strategy. For that reason, it...

Yves here. Another way to think about the warning of this post is: Beware of Silicon Valley libertarian billionaires bearing gifts. Naked CapitalismThe Federal Job Guarantee Is Not Just “Better” Than a Universal Basic Income. It’s the Only Reasonable Option. Universal Basic Income Is Sinister. Jeff Epstein, an independent and progressive journalist with Citizens’ Media TV Originally published on Citizens’ Media TV

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

Sen. Bernie Sanders will introduce a plan to guarantee every American a job paying $15 an hour, according to a new report. The plan comes after two other Democratic senators, Cory Booker and Kirsten Gillibrand, also backed job guarantee proposals. Advocates for the plan say it will fight inequality and dampen recession, while opponents say it is an inefficient use of government resources. Woo hoo.Thank Stephanie Kelton, especially, and the MMT economists! Business InsiderBernie Sanders...

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...

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