Universal job guarantee stabilizes economy – multiple warrants
Tsai, Lecturer in Business and Law at Toronto Metropolitan University, 2022
[Daniel, “Why a universal job guarantee beats the basic income pipe dream,” The Conversation – Canada, July 27, 2022, Jesuit Lexis, accessed June 27, 2023, GDS-LL]
Instead of a guaranteed fixed income, a universal job guarantee policy provides jobs - and wages - to people who aren't able to find work on their own. In theory, a universal job guarantee could help stabilize inflation by providing stable, full-time employment, addressing unemployment, enhancing economic productivity and reinforcing price stability.
Job guarantee programs are crucial for a number of reasons. They keep people in the labour force, alleviate poverty, improve health and well-being, add meaning to people's lives and help the most vulnerable. They also provide crucial non-monetary benefits that have historically been associated with universal basic income, including improvements to "health, education, social cohesion and productivity."