Can Basic Income and Job Guarantees Deliver on Their Promises?

"This paper advances two arguments: first, that basic income guarantees are unlikely to achieve the objectives of alleviating poverty, income inequality, or poor standards of living, because the proposals have an inherent highly inflationary bias that would have disastrous consequences for the currency; second, that certain direct job creation programs such as ELR achieve most of the common goals that income and job guarantee supporters share, without introducing the crucial problem of inflation. ELR programs can be designed so that they are not coercive or demeaning. Neither should they be means tested. An ELR program is neither slavery nor unemployment by another name."

2005

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