Guaranteed Jobs: Wage and Employment Effects
Part 2 of a two-part series. Follow this link for Part 1.
Why, one might ask, is the idea of a federal job guarantee (JG) being revived now, when unemployment is at a 50-year low? This two-part series frames an answer in terms of three gaps that JG advocates see as persisting, even in today’s tight labor market:
- A hidden unemployment gap: A gap between the…