A Guaranteed Federal Jobs Program Is Needed

Monday, July 11, 2016
The New York Times

"Before worrying about the next recession, the sad quality of our current recovery deserves attention," writes William "Sandy" Darity, Founding Director of the Samuel DuBois Cook Center on Social Equity. "Seven years since the National Bureau of Economic Research officially declared the Great Recession over, vast numbers of American families remain beset by deep economic insecurity — June's surge in job numbers notwithstanding. 

One in five American adults, and nearly half of the nation’s children, live in poverty or near-poverty.

Seven years since the the Great Recession officially ended, vast numbers of American families remain beset by deep economic insecurity. 

A lot of this has to do with the fact that Americans continue to be subjected to bad jobs or unstable employment — and those who are employed often face stagnant or even declining wages. The fragility of Americans' economic well-being is epitomized by the National Coalition for the Homeless’ estimate that 44 percent of homeless persons actually have jobs, albeit poorly paid jobs."

Read more: http://www.nytimes.com/roomfordebate/2016/07/11/are-we-ready-for-the-next-recession/a-guaranteed-federal-jobs-program-is-needed