Job guarantee

[3] Under a job guarantee, people of working age who are not in full-time education and have less than 35 hours per week of paid employment would be entitled to the balance of 35 hours paid employment, undertaking work of public benefit at the minimum wage, though specifics may change depending on the model.

[citation needed] Job guarantee theory is often associated with certain post-Keynesian economists,[5] particularly at the Centre of Full Employment and Equity (University of Newcastle, Australia), at the Levy Economics Institute (Bard College), and at University of Missouri – Kansas City including the affiliated Center for Full Employment and Price Stability.

So instead of a buffer stock of unemployed being used to discipline the distributional struggle, a job guarantee policy achieves this via compositional shifts in employment.

[13] It is a full employment steady state job guarantee level, which is dependent on a range of factors including the path of the economy.

Mitchell and Muysken believe that a job guarantee introduces no relative wage effects and the rising demand does not necessarily invoke inflationary pressures because it is, by definition, satisfying the net savings desire of the private sector.

[14] Additionally, in today's demand constrained economies, firms are likely to increase capacity utilisation to meet the higher sales volumes.

However, these demand pressures are unlikely to lead to accelerating inflation while the job guarantee pool contains workers employable by the private sector.

Bernie Sanders supports a federal jobs guarantee for the United States and Alexandria Ocasio-Cortez included a jobs-guarantee program as one of her campaign pledges when she ran for, and won, her seat in the U.S. House of Representatives in 2018.