An Employer of Last Resort, also known as a job guarantee, is exactly what it sounds like. It is a promise by the government through either through private partners in the community or through government institutions to provide a job to any worker who is able and willing to work but cannot find suitable (or any) employment in the private sector.
In December of 2014 Bernie Sanders appointed Stephanie Kelton to be the Chief Economist for the Democrats on the Senate Budget Committee.
Dr. Kelton is a Research scholar at the Levy Economics Institute of Bard College, the founder and editor in Chief of one of the world’s most prescient economics blogs New Economic Perspectives and an Associate Professor at the University of Kansas City Missouri. She is also one of the leading proponents of a federally funded ELR.
As one of the world’s most prominent…
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