Conventional policies have not adequately tackled the problem of employment instability. Worse, unemployment is often a policy goal in the fight against inflation despite the availability of more appropriate tools. Around the world, persistent unemployment and precarious employment remain beyond the control of working people. The social and economic costs are large and already borne by governments, families, and communities. States have the means and obligation to create decent work for all. These core principles motivate the job guarantee proposal.
Public service employment: A path to full employment
L. Randall Wray, Flavia Dantas, Scott Fullwiler, Pavlina R. Tcherneva, and Stephanie A. Kelton
Despite headline-grabbing reports of a healthy US labor market, millions of Americans remain unemployed and underemployed. It is a problem that plagues our economy in good times and in bad—there are never enough jobs available for all who want to work. The problem is most acute for women, youths, blacks, and Latinos, although research also finds a persistent lack of employment for large numbers of working-age men. This report asks a set of big questions: What if we sought to eliminate involuntary unemployment across all demographic groups and geographic regions, by directly creating jobs in the communities where they are needed through a federally funded Public Service Employment program? How could such a radical transformation of the labor market be implemented? What would it cost, and what would it mean for the US economy?