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The Job Guarantee and Transformational Degrowth

In: Full Employment and Social Justice

Author

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  • B. J. Unti

    (University of Missouri Kansas City)

Abstract

The job guarantee was designed to address the problems of unemployment. However, in light of the environmental crisis, it is important to recognize the ways in which this policy proposal may be harnessed to cope with broader issues of social justicesocial justice and ecological sustainabilityecological sustainability . This chapter looks specifically at how the vision of a job guarantee program aligns with and promotes the burgeoning movement of degrowth. In this respect, the most important feature of the job guarantee is that it eliminates the profit constraint on employment. With a job guarantee in place, the working class will not be hostage to profit-driven economic growth to secure an income. Under the existing paradigm of global capitalism, the world population faces a trade-off between ecological and economic prosperity. By severing the link between aggregate demand and employment, a job guarantee offers possibilities for an ecologically sustainable future without unemployment. In other words, a job guarantee decouples employment from economic growth and establishes a path for the reconciliation of economic and environmental goals. This chapter discusses the ways in which a job guarantee may be utilized to buttress the social justice and environmental aspirations of degrowth.

Suggested Citation

  • B. J. Unti, 2018. "The Job Guarantee and Transformational Degrowth," Binzagr Institute for Sustainable Prosperity, in: Michael J. Murray & Mathew Forstater (ed.), Full Employment and Social Justice, chapter 0, pages 63-82, Palgrave Macmillan.
  • Handle: RePEc:pal:bifchp:978-3-319-66376-0_3
    DOI: 10.1007/978-3-319-66376-0_3
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    Cited by:

    1. Olk, Christopher & Schneider, Colleen & Hickel, Jason, 2023. "How to pay for saving the world: Modern Monetary Theory for a degrowth transition," Ecological Economics, Elsevier, vol. 214(C).
    2. Olk, Christopher & Schneider, Colleen & Hickel, Jason, 2023. "How to pay for saving the world: Modern Monetary Theory for a degrowth transition," LSE Research Online Documents on Economics 120343, London School of Economics and Political Science, LSE Library.

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