Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

A Jobs Guarantee Might Hurt Economic Growth

Politics

Democrats Jobs’ Guarantee is a Terrible Idea

America faces a future with fewer jobs, less money, less economic activity, and more income inequality. The “jobs guarantee” will do nothing to fix that situation because it ignores the problems, and might make things worse.

Agencies would end up paying people $15 an hour to paint rocks, wash vehicles by hand, rake leaves, pick-up litter, or sit at a desk and play League of Legends on the government computer. Many agencies might create up separate needless departments just to keep the guarantee employees from interfering with the actual work.

A likely side effect of the guarantee would be the creation of a large class of uneducated people with little or no initiative or independence, that are completely dependent on the government. Many individuals would end up stuck in dead-end guarantee jobs just to get health insurance.

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