Saturday, May 4, 2013

Where Have All the Jobs Gone? -

Why can't we organize Job Guarantees for everyone? Jared Bernstein makes a convincing argument here. Ed Balls, British Labour Party leader, today announced that they are for it. MMT economists have been proposing Job Guarantees for years. What's not to like?
Where Have All the Jobs Gone? - While the high jobless numbers are partly a legacy of the Great Recession, the fact is that our economy has generated too few jobs for most of the last 30 years and is likely to continue to do so. The only viable response is a return to an idea that once animated domestic policy making: full employment, the notion that everyone who wants to work should be able to find a job, and if the market isn’t up to the task, then the government must fill the gap.