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Guaranteeing The Right To Decent Work
The job guarantee is an ambitious proposal that aims to ensure everyone in society has access to fairly waged, decent work. Amid the upheaval caused by an economic recession that threatens widespread unemployment, solutions need to be found rapidly, and many proposals have been brought to the table, from universal basic income to more traditional stimulus measures.
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Pavlina Tcherneva, author of
The Case for a Job Guarantee, explains why these alternatives are destined to fall short, and sets out why a job guarantee would benefit not just the unemployed but society as a whole, providing individuals with greater autonomy, empowering communities, and contributing to solutions to urgent problems such as the environmental and care crises.
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45 million Americans owe $1.7 trillion in student debt, and 93% of that debt is federally owned.
Forgiving student debt would generate more than $1 trillion of economic activity and create millions of jobs.
The Biden administration could forgive all federal student loan debt tomorrow without Congress.
Carl Gibson is a freelance journalist and columnist from Kentucky.
This is an opinion column. The thoughts expressed are those of the author.
President Biden took office facing down both a once-in-a-century pandemic and the economic fallout it created. But with Democrats having unified control of both chambers of Congress for the first time in more than a decade, Biden has a once-in-a-generation opportunity to effectively tackle those twin crises and significantly improve the lives of tens
Either We Break Our Pandemic Debts or Our Pandemic Debts Break Us
If millions had no hope of paying their bills before the pandemic, and millions more can’t pay now, what’s left to do but say no?
Illustration by Tara Jacoby
When the pandemic hit last year, 53-year-old Richard Ault was treading water. A longtime technologist in Silicon Valley, Ault had taken a break from the industry a few years back to work as a public school teacher. When he tried to return to the tech sector in 2018, he found it difficult to land a job despite his decades of experience. “It was a long shot even when the economy was good,” Ault said. “I’m very gray-haired.”
Yves here. Michael Hudson describes the fealty of Biden and the Democratic party to neoliberal policies and how, as Biden himself said, nothing fundamental will change. Hudson agrees nothing much will improve for ordinary citizens as long as the current Democratic party is calling the shots. He lays out a way to tackle rentierism by promoting building of moderate-priced homes and setting strict terms for FHA mortgages.
Jim Vrettos:
We’re waiting to see how the rhetoric of the new Biden administration will play out in actual policies.
Hudson: Biden’s long political career has been right-wing. He’s the senator from Delaware, the country’s most pro-corporate state – which is why most U.S. corporations are incorporated there. As such, he represents the banking and credit-card industry. He sponsored the regressive bankruptcy “reform” written and put into his hands by the credit-card companies. As a budget hawk, he’s rejected MMT, and also “Medicare for all” as i