Category Archives: Job Guarantee

This category covers posts that explicitly develop the concept of the Job Guarantee

On the path to MMT becoming mainstream

Over the last few years, it is clear that Modern Monetary Theory (MMT) is achieving a higher profile and the attacks are starting to come thick and fast. I see these attacks as being a positive development because it demonstrates … Read the rest of this entry »

Posted in Debriefing 101, Economics, Fiscal Statements, Framing and Language, Job Guarantee, Reclaim the State | 33 Comments

Basic income guarantee progressives cosy up with the worst CEOs in the world

A short blog post today (Wednesday and all). I am working on the revisions to our Modern Monetary Theory (MMT) textbook that will be published by Macmillan-Palgrave in November 2018. We have all the editorial and external reviews available now … Read the rest of this entry »

Posted in Job Guarantee, Music | 84 Comments

Planning public works – history has a lot to say if we listen properly

A few weeks ago, in my three part series answering questions about Modern Monetary Theory (MMT), I addressed the issue often raised about the fiscal policy emphasis in MMT, that it is difficult to time government spending injections to match … Read the rest of this entry »

Posted in Debriefing 101, Fiscal Statements, Job Guarantee, Reclaim the State, US economy | 20 Comments

US labour market reality debunks mainstream view about structural impediments

An enduring myth among mainstream economists is that so-called ‘structural’ impediments in the labour market prevent aggregate spending initiatives from government being an effective solution to mass unemployment. According to this view, if the government attempts to reduce the unemployment … Read the rest of this entry »

Posted in Future of Work, Job Guarantee, Labour Force, US economy | 5 Comments

An MMT response to Jared Bernstein – Part 3

This is the third and final part of my response to an article posted by American political analyst Jared Berstein (January 7, 2018) – Questions for the MMTers. In this blog I deal with the last question that he poses … Read the rest of this entry »

Posted in Debriefing 101, Fiscal Statements, Job Guarantee, US economy | 32 Comments

The path out of the low wage trap is limited by fiscal austerity

During my postgraduate study years I read a 1954 article by American economist Clark Kerr entitled – The Balkanization of Labor Markets – which attacked the mainstream labour market views that there was mobility within labour markets such that poverty … Read the rest of this entry »

Posted in Eurozone, Future of Work, Job Guarantee, Labour Force, Reclaim the State | 15 Comments

Unemployment is miserable and doesn’t spawn an upsurge in personal creativity

Here is a summary of another interesting study I read last week (published March 30, 2017) – Happiness at Work – from academic researchers Jan‐Emmanuel De Neve and George Ward. It explores the relationship between happiness and labour force status, … Read the rest of this entry »

Posted in Future of Work, Job Guarantee | 16 Comments

Automation and full employment – back to the 1960s

On August 19, 1964, the then US President Lyndon B. Johnson established the – National Commission on Technology, Automation, and Economic Progress. He established the Commission in response to growing concern during the deep 1960-61 recession that the unemployment had … Read the rest of this entry »

Posted in Future of Work, Job Guarantee, Labour Force, Reclaim the State, Unemployment Benefits, US economy | 20 Comments

Three recent interviews – transcripts and video

Today, I have translated two interviews I did while I was in Europe recently. The original interviews were in Spanish. The first interview was with Andrés Villena Oliver for CTXT and was published in the Spanish newspaper Público. It was … Read the rest of this entry »

Posted in Demise of the Left, Economics, Eurozone, Fiscal Statements, Job Guarantee | 9 Comments

Australian government employment plan – racist and in breach of our laws

Today’s discussion is about how employment policy becomes so corrupted by neo-liberal ideology (overlaid with some healthy racism) that the government causes damage rather than advances well-being. The examples I outline demonstrate the wider problem that neo-liberal inspired governments clearly … Read the rest of this entry »

Posted in Job Guarantee, Labour costs, Labour Force | 5 Comments