| Popis: |
This paper expands on the benefits of the Federal Job Guarantee (FDG) and offers an exploration for financing the program (Paul, et Al., 2018). The FJG is a program that supplies a tangible and sustainable solution to break the cycle of long-term poverty in America by providing quality employment options for all, especially for the most financially vulnerable members of our society (Paul, et al, 2017, 2018) (Tcherneva, 2005, 2018). The program has three additional other benefits. First, it creates a counter-cyclical stabilizer that could smooth severe economic downturns (Palley, 2018) (Tcherneva, 2017), Second, it generates a skillful and competitive labor force due to active investment in skills development with the prospect of impacting a business's bottom line (Paul, et al, 2018) (Dunn, 2018), and third, it serves as a price floor for wages in the labor market (Paul, et Al., 2017). An efficient labor market creates a more efficient and productive business environment (Deming, 2017). In short, the FJG, if implemented conscientiously, efficiently, and strategically, has the potential of serving as a mechanism for moderating economic downswings and as a catalyst for igniting socio-economic development and equity, thereby contributing to a more productive and competitive labor force in support of business growth. Additionally, the COVID-19 Global Pandemic and economic crisis are offering an opportunity to rethink our tools to soften the business cycle swings (Hensher, 2020). The FJG can provide the safety net for the millions of people that have been left without employment during this crisis (Tcherneva, 2019, 2020). The FJG offers tangible and sensitive solutions for many Americans.JEL Classifications: D60, D63, D69, E62, J38, L38, L88, O22 |
