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Postwar "Keynesianism" prioritized govt support for private industry & dropped the direct govt employment efforts after the New Deal/WWII. This was a mistake. No direct job creation featured here though there's potential in Biden's platform https://www.nytimes.com/2021/02/11/magazine/biden-economy.html?smid=tw-share
Postwar "Keynesianism" prioritized govt support for private industry & dropped the direct govt employment efforts after the New Deal/WWII. This was a mistake. No direct job creation featured here though there's potential in Biden's platform https://www.nytimes.com/2021/02/11/magazine/biden-economy.html?smid=tw-share
If "bold efforts" end up meaning only large govt spending, be prepared to be disappointed.
While green manufacturing is critical, manuf employs only 8% of workers. Double it. Impact will still be small. Service sector employs 80%. Tis where the pain is: unstable, poorly paid jobs
While green manufacturing is critical, manuf employs only 8% of workers. Double it. Impact will still be small. Service sector employs 80%. Tis where the pain is: unstable, poorly paid jobs
if we're going to transform the labor market, services have to be the focus. Where is the plan for stable, well paid service sector jobs? They are what most people live on.
(btw not even China can count on manuf for EMPLOYMENT growth)
(btw not even China can count on manuf for EMPLOYMENT growth)
What about social justice and the most vulnerable who can't catch the job train? Not featured here, but Biden's Civilian Climate Corps has potential to be the missing direct govt employment program. Key questions: How large will it be? Who will it employ? Where?
In sum, direct employment is a critical leg of any govt full employment/economic security strategy
Manuf alone cannot do it
Services need new social contract (high min wage, guaranteed benefits)
public option for jobs/Job Guarantee for the unemployed
GND >> green manuf
Manuf alone cannot do it
Services need new social contract (high min wage, guaranteed benefits)
public option for jobs/Job Guarantee for the unemployed
GND >> green manuf
