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Conventional economics research is not very kind to the idea of job guarantee (see discussion in highly cited works of Palley, 2001; Sawyer, 2003 and Seccarecia 2004). In general most of the profession agrees that job guarantee program (i.e. program where government is some sort of employer of last resort/provides employment) is generally not efficient ...


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Yes it does. In fact large portion of current US unemployment can be attributed to the pandemic. According to U.S. Bureau of Labor Statistics (BLS): Of the 18.1 million people unemployed in June, 11.4 million (63 percent) were unable to work because their employer closed or lost business due to the pandemic. Among the unemployed, the vast majority of those ...


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