Modern Monetary Theory (MMT) offers some unconventional policy recommendations based on the United States’ monetary sovereignty. MMT proponents also advocate government guaranteed jobs paying a living wage for all Americans. What would be the consequences of such a guarantee?
The Public Service Employment program detailed in a 2018 paper from the Levy Economics Institute would be funded by Washington and administered by states. It would offer full and part-time jobs paying $15 per hour plus benefits. The program’s spending would be mandatory, like other entitlement programs. The jobs would “provide public services in nonprofit community organizations, public schools, and state and local governments.”
Source:
AIER
