Federal Employment Program for Chronically Unemployed or Universal Basic Income?

alien

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I was reading a Modern Monetary Theory (MMT) economics book recently by Warren Mosler.

One of the points he makes in the book is that America should offer a $8 USD/hr job to every American who wanted one (note: book was published in 2010 so he'd probably suggest more than $8/hr now). Opportunity to work full-time hours (so $320 USD/week in 2010 dollars) and get the same benefits that a typical federal government employee would get (health insurance, paid vacation days. I would imagine that paid sick days and short-term/long-term disability coverage would also be included in that package. Since I know that government employees get stuff like that.)

His argument is that there are way too many unemployed Americans (especially the chronically unemployed) who are considered unemployable by the market today. No one wants to even hire them at minimum wage ($7.25 USD or whatever the state minimum wage is). Or they might get a low-paying job but the market is only willing to give them part-time work, not full-time hours. But if the federal government stepped in and guaranteed these people jobs, they would have the opportunity to not only contribute to society but to build their skill set and become a more attractive applicant for better jobs in the future.

My stance on this is that a federal employment program would work for some workers. But it wouldn't work for everybody.

If the Canadian federal government offered me a data entry job where I don't even have to talk to customers or co-workers and they were willing to pay me minimum wage ($11.25 CAN/hr = $8.54 USD), I would do it. So as long as the firm isn't far from where I live (~10 km would be ok) and they let me start later (and therefore leave later). Or if they offered telecommuting opportunities. If I moved out of my dad's basement, I'd obviously have to be paid more. But yeah I'd be willing to take a pay cut for a better suited job even though I used to make almost $25 CAN/hr + OT ($55k/yr) in a more stressful high-responsibility job. And I would be very good at this kind of work. Note: The Canadian government is currently paying me $524/week before-taxes so I wouldn't do it now for that low a price while I'm still getting EI. But if you offered me $14+ CAN/hr, I would consider going off welfare and taking the job. If I had my own apartment in Toronto, I probably would need at least $15+ CAN/hr to live a decent lifestyle in Toronto.

There are data entry jobs in the market that do pay more than minimum wage (I applied for a data entry job for $12 CAN/hr in 2011 even though I made almost $19 CAN/hr at my previous job because I was unemployed and desperate for work). But they have a gazillion applicants on Monster.ca and Workopolis.ca. And they probably thought that I was over-qualified for the job.

My issue with a federal employment policy for the chronically unemployed is that not all workers are equal. Some workers are more incompetent than others. To the point that you're better off having a team of 5 competent workers doing the job of 6 workers than hiring 5 competent workers and 1 bad worker. Addition by subtraction.

Also different workers excel at different things. If you put a Microsoft Excel worksheet in front of my face, I won't disappoint you. If you make me take phone calls or deal with clients in-person, you're better off not even hiring me if you can't get someone else to deal with clients. Addition by subtraction.

Also if you actually have to artificially hire people, you're either making people do work that the market doesn't want/need done (making your job completely useless to society). Or you're paying people more than what they are worth to do work that the market wants (which means that you are useful to society but you are overpaid. And the government might have to tax higher-earners to prevent inflation.)
 

alien

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gottaplay said:
do you really expect someone to read this autistic wall of text
Well if you'd rather fap to porn, play Candy Crush and watch Orange is the New Black on Netflix and eat Cheetos and pizza (bread and circus bullshit) instead of having a discussion about more important things like the fact that we are in a big recession and normalfag HR cunts are destroying civilization, then be my guest.

I don't know how normalfags can be so easily amused.
 

ridiculously_likeable

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Yes but his view is that the goverment has created all unemployment.

So now they have to clean up the mess by either hiring all, or by reducing tax
 
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