job guarantee

Why a government job guarantee? By Stephen Williams Introduction A government job guarantee (JG) is a scheme where a national government offers a job up to fulltime hours at the minimum wage to anyone of working age. It would therefore eliminate involuntary unemployment and underemployment, the latter being where people have some work but want more. The Job Guarantee idea emerged independently from the late US economist Hyman Minsky and Australian economist William Mitchell, a co-founder of modern monetary theory (MMT). The purpose of the JG (along with adequate pensions for non-workers) is to eliminate poverty [...]