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Why is the job guarantee critical to economic stabilization and poverty alleviation?
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- Prioritizing economic security: The job guarantee provides economic security for those that need it the most by providing a dignified living wage floor for all workers. Economic security enables working families to plan and invest in their futures and should not be left up to the volatility of the market.
- Proactive, not reactive: During a typical economic downturn, if policymakers decide on an economic stimulus package, it always arrives too late. By contrast, the job guarantee stops unemployment from spiraling out of control because it provides employment opportunities as soon as they are needed.
- Poverty alleviation: The job guarantee program is an employment-centered poverty alleviation approach. Poverty is not simply an absence of income, it is also a lack of access to decent work and social resources. The job guarantee provides them.