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The Job Guarantee: Delivering the Benefits That Basic Income Only Promises – A Response to Guy Standing

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  • Tcherneva Pavlina R.

    ()

The present article offers three critiques of the universal basic income guarantee (BIG) proposal discussed by Standing in this volume. First, there is a fundamental tension between the way income in a monetary production economy is generated, the manner in which BIG wishes to redistribute it, and the subsequent negative impact of this redistribution on the process of income generation itself. The BIG policy is dependent for its existence on the very system it wishes to undermine. Second, the macroeconomic effects of BIG on contemporary economies that use modern money are destabilizing. The job guarantee (JG), by contrast, stabilizes both the macro-economy and the currency while helping transform the nature of work itself. Finally, the employment safety-net in Standing’s piece is not an accurate representation of the modern JG proposals – a confusion which this paper aims to remedy.

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Article provided by De Gruyter in its journal Basic Income Studies.

Volume (Year): 7 (2012)
Issue (Month): 2 (January)
Pages: 66-87

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Handle: RePEc:bpj:bistud:v:7:y:2012:i:2:p:66-87:n:5
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  1. Haile, Getinet Astatike, 2009. "Workplace Job Satisfaction in Britain: Evidence from Linked Employer-Employee Data," IZA Discussion Papers 4101, Institute for the Study of Labor (IZA).
  2. William A. Darity & Arthur H. Goldsmith, 1996. "Social Psychology, Unemployment and Macroeconomics," Journal of Economic Perspectives, American Economic Association, vol. 10(1), pages 121-140, Winter.
  3. Booth, Alison L. & Francesconi, Marco & Frank, Jeff, 2000. "Temporary Jobs: Stepping Stones or Dead Ends?," IZA Discussion Papers 205, Institute for the Study of Labor (IZA).
  4. repec:trn:utwpde:0904 is not listed on IDEAS
  5. Hyman P. Minsky, 1968. "Effects of Shifts of Aggregate Demand upon Income Distribution," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 50(2), pages 328-339.
  6. Michael Demoussis & Nicholas Giannakopoulos, 2007. "Exploring Job Satisfaction in Private and Public Employment: Empirical Evidence from Greece," LABOUR, CEIS, vol. 21(2), pages 333-359, 06.
  7. C Green & P Kler & G Leeves, 2008. "Flexible contract workers in inferior jobs: reappraising the evidence," Working Papers 591842, Lancaster University Management School, Economics Department.
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