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Rising Job Complexity and the Need for Government Guaranteed Work and Training

In: The Job Guarantee

Author

Listed:
  • Jon D. Wisman
  • Nicholas Reksten

Abstract

Government, as Adam Smith pointed out over two centuries ago, must provide for certain public goods that would not be provided in adequate quantity by the private sector. He identified education as among these public goods (1981[1776], 651). Until fairly recent times, however, government was controlled by a small elite whose members mistakenly did not generally recognize greatly expanding educational opportunity as in their own interest. Myopically, their more immediate short-term interest blinded them to how, in a longer term, a better educated workforce would make everyone, including members of their own class, richer.

Suggested Citation

  • Jon D. Wisman & Nicholas Reksten, 2013. "Rising Job Complexity and the Need for Government Guaranteed Work and Training," Palgrave Macmillan Books, in: Michael J. Murray & Mathew Forstater (ed.), The Job Guarantee, chapter 1, pages 5-38, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-137-29799-0_2
    DOI: 10.1057/9781137297990_2
    as

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