Labour's "youth guarantee" forced people into unchosen jobs at minimum wage while companies got subsidised labour.
A universal Job Guarantee is fundamentally different. Here's how.
mmtuk.org/job-guarantee
#JobGuarantee #MMTUK #MMT
Community gardens. Solar panels. Greening our cities.
@ptcherneva.bsky.social on how a Job Guarantee creates work that tackles the climate crisis, without waiting for the private sector to find a profit motive.
mmtuk.org/job-guarantee
#JobGuarantee #MMTUK #MMT
"Every single country could afford this type of program."
Daniel Kostzer explains why a Job Guarantee is counter-cyclical: it shrinks when the economy grows and expands when needed most.
mmtuk.org/job-guarantee
#JobGuarantee #MMTUK #MMT
In 2001, Argentina had 25% unemployment and 55% poverty.
Daniel Kostzer helped design Plan Jefe - an employment guarantee that gave people jobs, not just benefits.
Here's what happened.
mmtuk.org/job-guarantee
#JobGuarantee #MMT #MMTUK
"We don't have preventative solutions. We always allow unemployment to develop and then we scratch our heads."
@ptcherneva.bsky.social on why a Job Guarantee prevents social costs rather than trying to fix them after the damage is done.
mmtuk.org/job-guarantee
#JobGuarantee #MMTUK #MMT
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Governments deliberately maintain unemployment to control inflation.
Less bargaining power = slower wages = lower inflation risk.
It's rarely discussed. This clip explains why.
Feat. @ptcherneva.bsky.social & @patriciapino.bsky.social
mmtuk.org/job-guarantee
#JobGuarantee #MMTUK
Couldn’t disagree more. There are some incredibly easy decisions that make 💯 economic sense - but we’re never in a position to employ them because the establishment refuse to discuss them David.
#MMTUK
@peterstefanovic.bsky.social - if you care about the poor, then take the time to understand how money is created and destroyed - not by wealthy corporations and individuals - but by the govt. The UK issues its own currency. It costs nothing. If we can do it, the govt can afford it.
#MMTUK.