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by dragonwriter
3604 days ago
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> FDR implemented it, it was called the Civilian Conservation Corp and it was awesome Its an awesome solution to a particular kind of transitory unemployment (and, at the scale it had at its height, perfectly sensible when there is a large, national, temporary economic dislocation) where you expect that the kind of work that people were doing before will be in demand again. Its less good as a way of dealing with long-term structural changes in the economy -- either in the proportion of people employable at living wages in the marketplace or the jobs demanded. Particularly the latter, since locking people into public make-work jobs with mostly or entirely in-kind, survival-necessity payment provides little opportunity for adjustment to labor market changes. |
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