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‘JG’ requires a fixed wage.
Brian Romanchuk 20, head of the Fixed Income Quantitative Analysis at the Caisse de dépôt et placement du Québec, Ph.D. from the University of Cambridge, 1/22/2020, "Job Guarantee as a Policy Variable," http://www.bondeconomics.com/2020/01/job-guarantee-as-policy-variable.html
The concept of a Job Guarantee is straightforward: the central government offers everyone a job at a fixed wage – the Job Guarantee wage. This wage would act like a minimum wage, and so if one wanted to imagine that if the programme was already implemented, the wage offered would presumably be somewhat lower than existing minimum wages in order to keep relative wage structures intact.
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