Economist: Guaranteed living-wage jobs best way to address inequality

Friday, August 19, 2016
People's World

"Saying existing job placement programs and unemployment benefits treat economic symptoms - such as income inequality - rather than causes, noted African-American economics professor Darrick Hamilton is proposing federally-guaranteed jobs, at living wages, for everyone. 

Creating and implementing such a mandate would not only benefit people, but would also in the long run cut costs for such things as Medicare, Medicaid, and jobless benefits, adds Hamilton, president of the National Economic Association [and Faculty Affiliate of the Cook Center; Co-Investigator of the National Asset Scorecard for Communities of Color (NASCC) Project].

Hamilton, an associate professor of economics and urban policy at the New School for Social Research in New York City, spoke as part of a day-long conference, co-sponsored by the AFL-CIO, his association - the nation's leading organization for minority-group economists - and Howard University, the historically black college in D.C."

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