Deficit Owls | A Job Guarantee Would Cost Surprisingly Little Money @deficitowls5296 | Uploaded November 2016 | Updated October 2024, 5 hours ago.
Professor L. Randall Wray discussing the (monetary) costs of a Job Guarantee program. The conservative estimates are 1-2% of GDP (about $150 Billion) but there are other estimates that suggest it could be much less, possibly even breaking even, when you consider the amount of other government spending that might decrease (on social programs) and tax revenues that might increase from more economic activity.
This is far, far less than we spent to bail out the banks in 2008.
Learn more about the Job Guarantee here: youtube.com/playlist?list=PLZJAgo9FgHWZHiVWJyW2KzOWsIresj_N2
Watch the whole interview here: youtube.com/watch?v=_eT5KTMmszM
Follow Deficit Owls on Facebook and Twitter:
facebook.com/DeficitOwls
twitter.com/DeficitOwls
Professor L. Randall Wray discussing the (monetary) costs of a Job Guarantee program. The conservative estimates are 1-2% of GDP (about $150 Billion) but there are other estimates that suggest it could be much less, possibly even breaking even, when you consider the amount of other government spending that might decrease (on social programs) and tax revenues that might increase from more economic activity.
This is far, far less than we spent to bail out the banks in 2008.
Learn more about the Job Guarantee here: youtube.com/playlist?list=PLZJAgo9FgHWZHiVWJyW2KzOWsIresj_N2
Watch the whole interview here: youtube.com/watch?v=_eT5KTMmszM
Follow Deficit Owls on Facebook and Twitter:
facebook.com/DeficitOwls
twitter.com/DeficitOwls
