Why We Need a Federal Jobs Guarantee

The video discusses the concept of a job guarantee, a program ensuring employment for those unable to find work elsewhere. It compares this with universal basic income, highlighting differences in approach and objectives. The job guarantee acts as a countercyclical stabilizer, providing jobs during economic downturns and shrinking as the economy recovers. Unemployment is likened to an epidemic, with widespread social and economic impacts. The video also addresses the funding and cost-effectiveness of implementing a job guarantee, emphasizing its potential to reduce social costs and improve economic stability.

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