Market Mad House

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

What is wrong with the Jobs Guarantee?

Market InsanityMy Thoughts

Basic Income would be better than a Jobs Guarantee

• Since it would not help vast numbers of citizens, the jobs guarantee will do little to alleviate poverty.

• A jobs guarantee would make easy for politicians and everybody else to ignore poverty. Conservatives can say there is no need for social programs because there are jobs available for the poor.
• Government agencies would be turned into adult daycare centers for the most dysfunctional members of our society by the jobs guarantee.
• A jobs guarantee would erode people’s incentive for self-advancement and improvement. Many people will ask; “why should I go to trade school or college when there is a no-brain and no-work government ‘job’ that pays $15 an hour waiting for me right now.”

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