Bernie Sanders is intent on ensuring a living wage for all Americans. He intends to guarantee every American a job earning a minimum of $15.00 per hour as well as healthcare.
The Washington Post reported the following.
Sen. Bernie Sanders (I-Vt.) will announce a plan for the federal government to guarantee a job paying $15 an hour and health-care benefits to every American worker “who wants or needs one,” embracing the kind of large-scale government works project that Democrats have shied away from in recent decades.
Sanders's jobs guarantee would fund hundreds of projects throughout the United States aimed at addressing priorities such as infrastructure, care giving, the environment, education and other goals. Under the job guarantee, every American would be entitled to a job under one of these projects or receive job training to be able to do so, according to an early draft of the proposal.
A representative from Sanders's office said they had not yet done a cost estimate for the plan or decided how it would be funded, saying they were still crafting the proposal.
By putting a floor on what the federal job will pay, it would force corporations to raise their wages to compete, irrespective of the minimum wage laws.
Job guarantee advocates say their plan would drive up wages by significantly increasing competition for workers, ensuring that corporations have to offer more generous salaries and benefits if they want to keep their employees from working for the government. Supporters say it also would reduce racial inequality, because black workers face unemployment at about twice the rates of white workers, as well as gender inequality, because many iterations of the plan call for the expansion of federal child-care work.
“The goal is to eliminate working poverty and involuntary unemployment altogether,” said Darrick Hamilton, an economist at the New School who has advocated for a jobs guarantee program along with Stony Brook University's Stephanie Kelton and a group of left-leaning economists at the Levy Economics Institute at Bard College. “This is an opportunity for something transformative, beyond the tinkering we've been doing for the last 40 years, where all the productivity gains have gone to the elite of society.”
Bernie Sanders' new program may scare many Democrats. However, the reality of a private sector that thus far has rewarded the top 10% or so, while leaving everyone else behind, it is time for a new paradigm.