|
|
|
|
|
by RobertoG
2158 days ago
|
|
There is the idea of job guarantee as an automatic stabilizer too. The government grants a job to anyone that wants to work at a minimum wage salary. When unemployment grow, the government automatically expend more in the economy because more people access to the job guarantee. When the economy recovers the private sector take workers away from the job guarantee through paying a little more than the minimum wage (or the same and better conditions) and the government spending is reduced. It's both an inflation and an unemployment stabilizer. UBI doesn't have those properties. |
|