Levy Economics Institute Report: A Job Guarantee Proposal for the United States (Panel 20)
(PRESENTERS: L. Randall Wray, Pavlina Tcherneva, Scott Fullwiler | MODERATER: Stephanie Kelton)

This panel presents the Levy Institute's White Paper on the Job Guarantee. We offer an estimate of the true level of unemployment
in the US, finding as many as 20 million people who want jobs but are currently out of work or are forced to work less than
full time. Using the Fair model, we evaluate the impact of a Job Guarantee that is large enough to wipe out involuntary
unemployment in the economy. We simulate the impact of a universal jobs program on private sector employment, wages,
national income and output, and the government's budget. We then present a blueprint for operationalizing the proposal by outlining
the guiding principles of the Job Guarantee, the desirable key features of the institutional design, and the expected benefits
from its implementation. We propose a method for funding, administering, and implementing it, as well as specific types of jobs
that could be performed under the program. We also address frequently asked questions.


MODERATOR: Stephanie Kelton (Stony Brook University and Sanders Institute)

PRESENTERS:

L. Randall Wray (Bard College and Levy Economics Institute)

Pavlina Tcherneva (Bard College and Levy Economics Institute)

Scott Fullwiler (UMKC and Binzagr Institute for Sustainable Prosperity)

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