thegreatdivide wrote on Mar 6
th, 2024 at 8:49am:
MeisterEckhart wrote on Mar 6
th, 2024 at 8:41am:
or a US-style welfare-subsidy sub-generation that the Johnson Administration inadvertently created in the mid-60s.
Welfare in lieu of work is a disaster. Solution:
https://pavlina-tcherneva.net/the-case-for-a-job-guarantee/The Case for a Job Guarantee One of the most enduring ideas in economics is that unemployment is both unavoidable and necessary for the smooth functioning of the economy. This assumption has provided cover for the devastating social and economic costs of job insecurity. It is also false. Ironically, had Nixon not shot his presidency in the head, the likes of a Job Guarantee or UBI policy would have been a reality in the US and, by that, a reality across the Anglosphere.
Nixon was working closely with the likes of Ted Kennedy to develop their aligned political thinking on a fair economy.
Nixon and Johnson both imagined a great society where its citizens would not have want of basic needs including a quality education and job security.
Both were born in the early 20th century (members of the greatest generation), both came from humble beginnings, both saw the horrors of 2 world wars and an economic meltdown, and both had visions of building a societal utopia - with the devil waiting to inevitably manifest itself in the detail.
Johnson, for example, likely could not imagine a mother having throwaway kids for the welfare money his administration provided to free women from the yoke of absent and delinquent husbands.