The Case for a Job Guarantee

by Pavlina R. Tcherneva (publ. 26 Jun 2020) Buy

Book contents

Front Matter
Preface
Introduction

1 A Public Option for Good Jobs

2 A Steep Price for a Broken Status QLQ
How “Natural” is Unemployment?
The Labor Market: A Catch-22 for Many
The Human Yo-Yo Effect
Unemployment is Expensive
A Broken Status Quo: Policy Responses

3 The Job Guarantee: A New Socia Contract and Macroeconomic Model
Guarantees All Around: Public Options and Price Supports
Price Supports, Buffer Stocks, and Living Wages
Setting the Most Important Price
Better Control of Inflation and Government Spending
Automatic Stabilizers: Guaranteed Employment or Guaranteed Unemployment?
Prevention, Not Just Cure
The Labor Standard and the New Social Contract
Boon to the Service Sector
Other Benefits: Transition, Pre-distribution, and the Safety Net

4 But How Will You Pay for It?
Monetary Systems and the Power of the Public Purse
Real versus Financial Costs and Benefits
The Job Guarantee Budget

5 What, Where, and How: Jobs, Design, and Implementation
Program Features
Administration and Participatory Democracy_
Differences from Other Proposals
Types of Jobs: A “National Care Act”
Real World Programs
Concerns and Frequently Asked Questions

6 The Job Guarantee, the Green New Deal, and Beyond
Situating the Job Guarantee within the Green Agenda
Industrial Mobilization and the Job Guarantee
Conclusion: The Missing Global Employment Policy_

Notes
Index

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