General Discussion
In reply to the discussion: Bernie Sanders to unveil plan to guarantee every American a job [View all]S.E. TN Liberal
(508 posts)The Fed raises interest rates to slow the economy when unemployment reaches around 5%.
This means the government is trying to keep about 1 out of every 20 Americans jobless.
Unemployed people help keep inflation down and provide a desperate workforce which businesses can use to threaten workers who try to unionize. In an economy where so many are unable to find decent jobs, many workers become forced to join the military so their basic needs are met.
Working-class people need to start demanding an income be provided. Either by insisting businesses create jobs or by demanding the government at least provide a basic income to make sure workers have shelter, food, medical care, and clean water.
So why is this a job for the taxpayers/government? Because it is obvious businesses are never going to get the job done. The government/taxpayers always have to fill in when business prove to be failures.