Pavlina Tcherneva - The Federal Job Guarantee
Channel: ModernMoneyNetwork
Date: 2018-03-03

Despite the labor market recovery, millions remain unemployed, working part-time involuntarily, in precarious employment situations, or have dropped out of the workforce entirely. Now, as always, the economy fails to create enough jobs for all those who want to work. The costs of this failure – poverty, mental and physical illness, loss of social cohesion, lack of meaningful participation in community life – are enormous and disproportionately borne by vulnerable groups. For decades, advocates called for full employment in the form of a job guarantee, and those calls are sounding louder once again. Pavlina Tcherneva, Associate Professor and Chair of the Department of Economics at Bard College discusses her job guarantee research, why such a policy is needed, and how it would work, from funding to implementation. In addition, she discusses how this policy would benefit those who are often excluded from full participation in economic and social life, and why a job guarantee is superior to an income guarantee alone.

Professor Tcherneva conducts research in the fields of modern monetary theory and public policy. She frequently speaks at Central Banks around the world and has collaborated with policymakers from different countries on developing and evaluating various job-creation programs. She is a two-time recipient of a grant from the Institute for New Economic Thinking for her research on the impact of alternative fiscal policies on unemployment, income distribution, and public goods provisioning.

More information about the job guarantee is available here: https://www.pavlina-tcherneva.net/job-guarantee

Sponsored by the Modern Money Network, the Women’s Law Association, the American Constitution Society, the Harvard Law School Forum, the Tax Law and Financial Regulation Students Association, the Labor and Employment Action Project, the Reparatory Justice Initiative, the Harvard Law School Democrats, La Alianza, and the Harvard Black Law Students Association.