GRANVILLE, Ohio – Steven Hail, Research Scholar at the Binzagr Institute, published a new policy note titled “A Just Social Wage and a Job Guarantee” (Policy Note No. 117, January 2018). In this policy note, Steven Hail takes a closer look at the unemployment problems of the US, UK, and Australia, and makes the case for introducing a Job Guarantee program to employ those who cannot find employment in the private sector or the government sector. He writes:
“Our aim should be that families could, if they chose, get by on a single, secure income. The low paid should not be driven into debt, or forced to take multiple jobs at poverty wage-rates. Given tight full employment at a just social wage, absolute and extreme relative poverty, and extremes of inequality, could be eliminated, as should have happened long ago, and each country would be a very different place.”
“Dr. Hail’s analysis gets to the root causes of poverty and inequality, and proposes a structural solution that guarantees socially useful work at a living wage,” said Fadhel Kaboub, president of the Binzagr Institute. “The minimum wage does not even come close to ensuring a basic minimum quality of life these days. All the benefits of rising productivity have been going to the top income earners. A substantial adjustment is now long overdue,” he added.
A brief promotional video for this policy note is available on the Binzagr Institute’s YouTube channel.
The Binzagr Institute for Sustainable Prosperity is an independent public policy think-tank dedicated to the promotion of interdisciplinary research in the service of an improved quality of life for all members of society. The institute provides alternative public policy solutions that address a wide range of socio-economic problems faced by the global community. If you would like more information on the institute’s policy notes or other publications, please call 740-587-6315 or send an email to [email protected].