Opening Word document…
Congress defines an ELR as a JG.
CBO 76 – Congressional Budget Office, 6/2/1976, “Congressional Budget Office Analysis of the Full Employment and Balanced Growth Act,” Congressional Record, ID: CR-1976-0603
S. 50 provides a limited job guarantee provision whereby the government would stand ready as employer of last resort to provide jobs at prevailing wages when adult unemployment exceeds 3 percent. The section mandates wage standards for the job guarantee program, standards which add to the inflationary impact of the bill. Higher wages, on the other hand, may have other benefits as an income maintenance device and a way to draw more attention to improving pay and working conditions in low-level private sector jobs.
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