A Modern Guide to State Intervention
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A Modern Guide to State Intervention

Economic Policies for Growth and Sustainability

Edited by Nikolaos Karagiannis and John E. King

A Modern Guide to State Intervention investigates the impact of the changing role of the state, offering an alternative political economy for the third decade of the twenty-first century. Building on important factors including history, the role of institutions, society and economic structures, this Modern Guide considers economic and administrative interventions towards changing the destabilized status quo of modern societies.
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Chapter 13: Guaranteed jobs through a public service employment programme for the United States

L. Randall Wray, Flavia Dantas, Scott Fullwiler, Pavlina R. Tcherneva and Stephanie A. Kelton

Abstract

Wray, Dantas, Fullwiler, Tcherneva and Kelton focus on guaranteed jobs through a public service employment programme for the United States, since generating good quality employment is necessary for economic recovery, redistribution and the future social sustainability of the country’s growth trajectory. The authors remind us that, in both developed and developing economies, a high level of employment is clearly one of the most important ways of mitigating inequality and alleviating poverty, given that public service employment raises wage incomes, boosts aggregate demand and counters deflationary pressures. In addition, decent work, which has social, civic and creative implications, is an essential feature of an inclusive society.

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