{"id":22234,"date":"2016-01-02T09:13:29","date_gmt":"2016-01-02T14:13:29","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=22234"},"modified":"2016-01-02T09:13:29","modified_gmt":"2016-01-02T14:13:29","slug":"job-guarantee-versus-basic-income-guarantee","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2016\/01\/02\/job-guarantee-versus-basic-income-guarantee\/","title":{"rendered":"Job Guarantee Versus Basic Income Guarantee"},"content":{"rendered":"<p><em>Naked Capitalism<\/em> has the article <a href=\"http:\/\/www.nakedcapitalism.com\/2016\/01\/job-guarantee-versus-basic-income-guarantee.html?utm_source=feedburner&#038;utm_medium=email&#038;utm_campaign=Feed%3A+NakedCapitalism+%28naked+capitalism%29\" target=\"_blank\">Job Guarantee Versus Basic Income Guarantee<\/a>.<\/p>\n<blockquote><p>\nAs much as many readers advocate the idea of basic income, I suggest you consider the results of the one time it was implemented in historically on a large-scale basis: the Speenhamland system, in early industrial England. As Karl Polanyi describes at length in his classic, The Great Transformation, the long-term results were disastrous for the laboring classes. I strongly suggest you read the long-form discussion here, but the short version is that the guarantee wound up lowering wages and serving as a subsidy to employers.\n<\/p><\/blockquote>\n<p>The introduction on Naked Capitalism indicates that the video discussion will be well worth seeing. I have only had the time to watch the first 7 minutes or so, but it looks like it is going to live up to the promise described by Naked Capitalism. I want everyone here to have the chance to watch the video, long before I get to watch the whole thing myself.<\/p>\n<p>I want to be able to refer back to this post to complete my viewing of the video.  Some of the reason why I write this blog is to preserve links to items I want to read or see (and maybe even reread and re-view).<\/p>\n<div style=\"text-align:center\">\n    <iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube-nocookie.com\/embed\/MMshp0-odH0?rel=0\" style=\"border:thick ridge #009900;\"  allowfullscreen><\/iframe>\n<\/div>\n<pre class=\"plain\">\r\n<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Naked Capitalism has the article Job Guarantee Versus Basic Income Guarantee. As much as many readers advocate the idea of basic income, I suggest you consider the results of the one time it was implemented in historically on a large-scale basis: the Speenhamland system, in early industrial England. As Karl Polanyi describes at length in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-22234","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/22234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=22234"}],"version-history":[{"count":1,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/22234\/revisions"}],"predecessor-version":[{"id":22235,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/22234\/revisions\/22235"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=22234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=22234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=22234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}