COMMON GOALS - DIFFERENT SOLUTIONS: CAN BASIC INCOME AND JOB GUARANTEES DELIVER THEIR OWN PROMISES

Author: 

Pavlina R. Tcherneva, and Professor L. Randall Wray

Proponents of income and job guarantee schemes agree on two things. The first is that both the market economy and the modern welfare state have failed many members of society by increasing the precariousness of the labor market, reducing safety nets, and leaving many without the basic resources for a descent living. Poverty, income inequality and unemployment are pervasive features of capitalism and modern welfare often takes the form of punitive measures aiming to discipline the “undeserving” poor or the unemployed. The second is that to begin addressing these problems, public policy needs to provide some form of universal guarantees to all citizens. It is the nature of these guarantees that represents the sharp division in policy recommendations. View More