December 7 2020 | Modern Money Theory: Week5 | Back Next |
Pavlina R. Tcherneva, Bard College: The Case for a Job Guarantee
JG defined:
"[A] public policy that provides an employment opportunity on standby to anyone looking for work, no matter their personal circumstances or the state of the economy." (1)
Focus on 2 aspects of economic insecurity:
Unemployment (intermittent or long-term)
Poorly paid employment (precarious and unequal)
A policy of care
"... one that fundamentally rejects the notion that people in economic distress, communities in disrepair, and an environment in peril are the unfortunate but unavoidable collateral damage of a market economy." (3)
Note that values shape the policy recommendation
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