Bard Economist Pavlina Tcherneva Cites the High Price and Devastating Impact of Unemployment in Arguing for a Job Guarantee Program
“Our research at the Levy Economics Institute demonstrates that a large job guarantee program, employing 15 million people at $15 an hour with benefits, would permanently boost economic growth by $550 billion (more than 2.5 percent of GDP) and private-sector employment by three to four million jobs, without causing inflation,” writes Professor Tcherneva in Foreign Affairs. “As the world confronts the grim consequences of COVID-19, it could do worse than to inoculate itself against the devastating effects of mass unemployment. A job guarantee would be a long overdue step on the road to economic and social justice.”
Read more about the proposed job guarantee at levyinstitute.org.
Post Date: 07-28-2020
Read more about the proposed job guarantee at levyinstitute.org.
Post Date: 07-28-2020