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by klaudius 2653 days ago
Job guarantee is a stupid idea. Some people create more value by not working than by working.

Imagine you're trying to make a meal and some incompetent dummies want to do some work in the kitchen. It might turn out that someone competent does better work when dummies are not interfering with his work and instead are watching TV. It's called "Too many chefs in the kitchen". Full employment and job creation are not necessarily good for the economy.
2 comments
brianjcohen 2653 days ago
It appears that MMT is meant to be a macroeconomic theory. I'm not here to defend it. But I would wager that an MMT advocate would claim to possess evidence that in the aggregate, a jobs guarantee would create more value than it would destroy because the pattern you describe does not apply to most people.

Again, I am not here to defend this theory. In fact, I have witnessed your anecdote myself and agree with the premise, at least on a micro scale.

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imtringued 2653 days ago
>Some people create more value by not working than by working.

Are you trying to describe unsuccessful startup founders?

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