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The job guarantee (JG) is a public option for jobs. It is a permanent, federally funded, and locally administered program that supplies voluntary employment opportunities on demand for all who are ready and willing to work at a living wage. While it is first and foremost a jobs program, it has...
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Orthodox economic theory presents the policy maker with an impossible choice: eradicate unemployment at the cost of undesirable inflation or keep prices stable by maintaining some level of involuntary unemployment. This is the canon, as embodied in the natural rate of unemployment theory and the...
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The job guarantee (JG) is a public option for jobs. It is a permanent, federally funded, and locally administered program that supplies voluntary employment opportunities on demand for all who are ready and willing to work at a living wage. While it is first and foremost a jobs program, it has...
Persistent link: https://www.econbiz.de/10011816870
Proponents of income and job guarantee schemes agree that public policy should provide some form of universal guarantees to all citizens. It is the nature of these guarantees that represents the sharp division in policy recommendations. Income guarantee supporters champion the provision of an...
Persistent link: https://www.econbiz.de/10014224701
For many years Argentina was the poster child of IMF austerity and market liberalization policies, until it experienced an economic meltdown in the winter of 2001-2002. To deal with the looming crisis and skyrocketing unemployment and poverty rates, the Argentinean government implemented a...
Persistent link: https://www.econbiz.de/10014224706