Austerity proponents should adopt a Job Guarantee

If anybody knows David Cameron’s mobile phone number give him a call and tell him that as he scorches the British economy (more bad news about consumer sentiment yesterday) he should also introduce a Job Guarantee as a way of using the workers he declares irrelevant more productively. A Job Guarantee is the perfect accompaniment to a full-blown fiscal austerity program and will not compromise any ideological beliefs except those that say that some people should be unemployed. But how could I advocate this? Doesn’t the Job Guarantee require a demand expansion? Isn’t that the whole point of it? Answer: no! Recommendation: Austerity proponents should adopt a Job Guarantee. Am I mad? Answer: probably but read on …

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