Forum Thread

Bernie Sanders unveils Job Guarantee legislation

• Carlitos

  2018-04-23 10:51:28 PM

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  Carlitos

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  Sen Sanders unleashed a legislative proposal for a Job Guarantee today.

  He adds his name to the growing list of Democratic caucus members in the Senate who have come out in favor.

  His long suffering economic adviser Dr Stephanie Kelton must be ecstatic.

  washingtonpost.com/news/wonk/wp/2018/04...

  While Sen Sander's office has not released cost estimates or how the plan would be paid for you, I can give you estimate and explain how it will be paid for.

  A true JG for every American who is able and willing to work will cost between $400-700 billion a year, and it will be paid for by marking up accounts in the banking system.

  Here's a discussion at the Sanders Institute between Stephanie Kelton and Jane Sanders discussing the JG:

  youtube.com/watch?v=EoU2YL3hWvk
• wwjd

  2018-04-24 06:26:51 AM

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  wwjd

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  Interesting idea. I remain skeptical, but as one example where I think help is needed is in the 45yr-65yr old category. Men and women who have been employed their entire adult life, but find themselves out of work at an age where it becomes difficult for them to start a new career and\or even get hired within their profession because they have "aged out". Many professions are geared for the 22 - 50 age range. And if you walk into an interview with any gray hair, you better be twice a good as everyone else who is younger.

  Ever wonder about that middle age person working at Starbucks, Costco, Home Depot, etc? Have they been working at that level their entire career, or did they find themselves unemployed in their career of choice after 25 years, and now working at low skilled jobs that barely pay more than minimum wage, with a 25 years of professional experience on top of a college degree.
• Chet Ruminski

  2018-04-25 10:00:17 AM

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  Chet Ruminski

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  Carlitos said :"paid for by marking up accounts in the banking system"

  Please explain how that is accomplished and how oversight would work to prevent abuse.

  My philosophy is the government can't spend enough money because spending creates prosperity .
• Chet Ruminski

  2018-04-25 10:02:06 AM

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  Chet Ruminski

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  wwjd Wrote:

  Interesting idea. I remain skeptical, but as one example where I think help is needed is in the 45yr-65yr old category. Men and women who have been employed their entire adult life, but find themselves out of work at an age where it becomes difficult for them to start a new career and\or even get hired within their profession because they have "aged out". Many professions are geared for the 22 - 50 age range. And if you walk into an interview with any gray hair, you better be twice a good as everyone else who is younger.

  Ever wonder about that middle age person working at Starbucks, Costco, Home Depot, etc? Have they been working at that level their entire career, or did they find themselves unemployed in their career of choice after 25 years, and now working at low skilled jobs that barely pay more than minimum wage, with a 25 years of professional experience on top of a college degree.

  Your standard of living should be based on humanitarian needs and not marketable skills.