No one denies that it would be nice if everyone who wanted to work could find a job, but before we start to beat the drum for a full-bore national job guarantee, we need a reality check. In a recent post, my Niskanen Center colleague Samuel Hammond outlined three reasons to be skeptical:
- The private sector is better at allocating labor than public bureaucracies.
- A JG program would be too easily politicized.
- Other active labor-market policies, including wage subsidies, would work better than a JG.
4. Don’t exaggerate the pool of eligible candidates