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Modern Money

Learning the Modern Money system, macroeconomics, aka MMT


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What are the Objectives of the Job Guarantee?

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Senexx


Admin

Core Policy Objective of the Job Guarantee

• To provide decent jobs at decent pay on demand to all individuals of legal working age who want to work, irrespective of labor market status, race, sex, color, or creed.

Additional Objectives

• To guarantee a basic human right, as outlined in the United Nations Declaration of Human Rights and Franklin D. Roosevelt’s call for an Economic Bill of Rights.

• To institute a public option for work, i.e., an employment safety net.

• To create job opportunities in close proximity to the unemployed.

• To create suitable work opportunities for people of varied skill levels.

• To serve the public purpose.

• To establish an effective minimum wage for the economy as a whole.

• To operate as an “employment buffer stock” in stabilizing the business cycle.

• To enhance price stability by using the JG’s buffer stock mechanism and minimum wage feature.

• To serve as a preventative policy that inoculates against the vast economic, social and political costs of unemployment.

• To be used as an institution vehicle for addressing other social ills—e.g., environmental concerns, care needs, urban blight, etc.

• To put people and their needs at the forefront of public policy, in order to empower and support them.

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