The TSAP has once endorsed the MMT idea of a Job Guarantee (JG), which is exactly what it sounds like. Of course, we also supported Universal Basic Income (UBI) with NO strings attached as well for years now, but still maintained that a JG would be good in addition to that. However, we no longer support that idea anymore. JG, in all of its flavors, has far too many conceptual, logistical, and ontological problems to be workable at scale, as Rodger Malcolm Mitchell notes in his article, and several others.
So what do we at the TSAP support instead of JG? Well, we clearly support UBI, hands down. But beyond that, we support a scaled-up version of something like Job Corps, and which is basically a Job Guarantee but without the "guarantee" part. That is, simply a jobs program, both for finding and creating jobs as needed, and one that provides only useful work rather than the Sisyphean make-work boondoggles that would inevitably occur in a true JG program. Otherwise, it is guaranteed to fail.
A Job Guarantee policy is a good idea.
ReplyDelete