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The $38 Trillion Cost Of Socialism

- August 15, 2018

A Look At The Enormous Costs Of The Top Three Programs In The New Democrat-Socialist Agenda


TOP TAKEAWAYS

  • Democrats, including several 2020 contenders, are in a race to the left to support socialist policies once considered too expensive to even fathom.
  • Despite their enormous costs, policies such as single-payer healthcare, government-funded college-for-all, and a federally guaranteed job program are now in vogue amongst Democrat party leaders.
  • Implementing a Bernie Sanders' style single-payer healthcare system would cost American taxpayers an estimated $32 trillion while diminishing the quality of care they receive.
  • The College For All Act would provide Americans with a "free" college education, but result in a hefty $807 billion price tag.
    • The promise of a "free" college education would affect the quality of the institution itself as the incentive to be innovative would significantly diminish.
  • The promise of a guaranteed job paid for by the federal government has become another new Democrat litmus test.
    • Implementing a plan where the government provides jobs at a $15 minimum wage for anyone who "wants one or needs one" could cost the American people up to $5.43 trillion over the next 10 years.
    • The establishment of a government guaranteed jobs program would lead to the private sector cutting back on opportunities for their own workers, resulting in more displaced workers filling jobs of which they may not have the skills for.

DEMOCRATS HAVE BEEN ON THE LEFTWARD MARCH TOWARDS SOCIALISM

Democrats Have Shifted The Party Agenda Leftward

Since The Presidential Election Of 2016, Members Of The Democratic Party Have Been "Jockeying To See Who Can Tout The Most Liberal Policies." "Since Hillary Clinton lost to President Donald Trump, the loudest voices in the Democratic Party have been jockeying to see who can tout the most liberal policies." (Reid J. Epstein and Kristina Peterson, "Rift Emerges Among Democrats Over Leftward Shift," The Wall Street Journal , 7/13/18)

The "Intraparty Struggles" Of Democrats Have "Redounded To Progressives' Benefit" After Senator Bernie Sanders' (I-VT) Presidential Campaign Came To An End. "Overall, recent intraparty struggles have redounded to progressives' benefit even as the insurgent-outsider-storms-the-gates dynamic of the Bernie Sanders campaign has been left behind." (Sam Rosenfeld, "The Democratic Party Is Moving Steadily Leftward. So Why Does The Left Still Distrust It?," Vox , 6/22/18)

  • Sanders Is A "Self-Described Democratic Socialist." "Outrage over rising inequality has simmered for years, erupting into the Occupy Wall Street movement and the groundswell of support for Senator Bernie Sanders, a self-described democratic socialist." (Farah Stockman, "'Yes, I'm Running As A Socialist.' Why Candidates Are Embracing The Label In 2018," The New York Times , 4/20/18)

Sanders' Supporters And Other Progressives Have Now Become "Comfortable With The Language Of Socialism." "Sanders supporters and other like-minded progressives, many of them comfortable with the language of socialism and a hard-edged critique of American liberalism, typically portray themselves as a both a new and fundamentally external force in Democratic politics." (Sam Rosenfeld, "The Democratic Party Is Moving Steadily Leftward. So Why Does The Left Still Distrust It?," Vox , 6/22/18)

For The First Time In A "Lifetime," Democratic Candidates Are "Proudly Calling Themselves Socialists" And Some Are Even Winning On That Idea. "For the first time in a lifetime, a wave of Democratic candidates are proudly calling themselves socialists. Some are winning, while others are creating -- even in defeat -- new space on the left for those who run in the next cycle, and the one after that." (Gregory King, "A Rose By Any Other Name? Democrats Grapple With The Socialist Question," CNN , 8/13/18)

Both Left And Centrist Democratic Candidates Have Now Agreed To Stand Behind Policies Such As Medicare-For All, A $15 Minimum Wage And Tuition Free College. "All the while, the substance of the party's agenda continues to move leftward, with both left and centrist candidates standing behind Medicare-for-all, a $15 minimum wage, and tuition-free college." (Sam Rosenfeld, "The Democratic Party Is Moving Steadily Leftward. So Why Does The Left Still Distrust It?," Vox , 6/22/18)

DEMOCRATS HAVE RALLIED BEHIND THE IDEA OF A SINGLE-PAYER HEALTHCARE SYSTEM, A PROPOSAL ESTIMATED TO COST NEARLY $32 TRILLION

Senator Bernie Sanders And At Least 16 Democratic Senators Have Proposed Converting The American Healthcare System Into A Single-Payer System

During The 2016 Presidential Campaign, Senator Bernie Sanders (I-VT) Released His Single-Payer Health Care Plan. "Bernie Sanders released the details of his 'Medicare for all' single-payer health care plan just two hours before the Democratic debate here on Sunday night, escalating the bitter wrangling over health care with Hillary Clinton." (Gabriel Debenedetti, "Sanders, Clinton Clash Over His New 'Medicare For All' Plan," Politico , 1/17/16)

In September 2017, Sanders Along With 16 Democratic Co-Sponsors, Released A Plan To Create A Single-Payer Health Care System. "After weeks of buildup, Sen. Bernie Sanders has finally released his latest plan to create a single-payer health care system in the United States, tugging along 16 Democrats as co-sponsors of the Medicare-for-all legislation, many of whom appeared with him at a buoyant press conference Wednesday afternoon." (Jordan Weissmann, "Bernie Sanders' Big Single-Payer Proposal Skips Over The Hardest Thing About Single-Payer," Slate , 9/13/17)

  • Sanders' 16 Co-Sponsors Were There For The Unveiling Of The Bill In Front Of "Nearly 300 Attendees And Heavy Coverage From Cable News," A Dramatic Change From When Sanders Introduced The Bill In 2013 With Zero Co-Sponsors. "Sanders released his 'Medicare for all' plan in a large Senate hearing room Wednesday, with nearly 300 attendees and heavy coverage from cable news. The bill has 16 co-sponsors, which is a big turnaround when he introduced a similar bill in 2013 without a single co-sponsor." (Rachel Roubein, "Senator Asks For CBO Score Of Sanders's Single-Payer Bill," The Hill , 9/14/17)

A Number Of "Potential 2020 Candidates" Co-Sponsored Sanders' Single-Payer Bill Including Senators Kamala Harris (D-CA), Cory Booker (D-NJ), Kirsten Gillibrand (D-NY), And Elizabeth Warren (D-MA). "Even more telling is the number of potential 2020 contenders who have decided to get on board with the plan. Sens. Kamala Harris, Kirsten Gillibrand, Cory Booker, and Elizabeth Warren each took turns at the podium Wednesday extolling the virtues of socialized health insurance." (Jordan Weissmann, "Bernie Sanders' Big Single-Payer Proposal Skips Over The Hardest Thing About Single-Payer," Slate , 9/13/17)

At Least Two Separate Cost Estimates Peg The Cost Of Sanders' Single-Payer Plan To Be At Least $32 Trillion-Financed In Part By At Least A Doubling Of Individual Income Taxes

The Urban Institute's Health Policy Center Estimated Sanders' Health Care Plan Would Cost $32 Trillion Over Ten Years. "In total, federal spending would increase by about $2.5 trillion (257.6 percent) in 2017. Federal expenditures would increase by about $32.0 trillion (232.7 percent) between 2017 and 2026..[.]" (John Holahan, et al., "The Sanders Single-Payer HealthCare Plan," The Urban Institute , Accessed 9/20/17)

Sanders' Plan Only Raises Less Than Half Of The Cost For His Health Care Plan, Leaving $16.6 Trillion Of The Cost To Be Financed Some Other Way. "Analysis by the Tax Policy Center indicates that Sanders's revenue proposals, intended to finance all new health and nonhealth spending, would raise $15.3 trillion in revenue over 2017 to 2026. This amount is approximately $16.6 trillion less than the increased federal cost of his health care plan estimated here." (John Holahan, et al., "The Sanders Single-Payer HealthCare Plan," The Urban Institute , Accessed 9/20/17)

  • Sanders' Proposed Taxes Are "Too Low To Fully Finance The Plan." "The total $15.3 trillion that would be raised is approximately $16.6 trillion less than the increased federal cost of his health care plan estimated here, suggesting that fully financing the Sanders approach would require additional sources of revenue be identified, that is, the proposed taxes appear to be too low to fully finance the plan." (John Holahan, et al., "The Sanders Single-Payer HealthCare Plan," The Urban Institute , Accessed 9/20/17)

Another Recent Estimate Of Sanders' Single Payer Plan Estimated The Cost To Be $32.6 Trillion Over The Next 10 Years. "Sen. Bernie Sanders' 'Medicare for all' plan would increase government health care spending by $32.6 trillion over 10 years, according to a study by a university-based libertarian policy center." (Ricardo Alonso-Zaldivar, "Study: 'Medicare For All' Projected To Cost $32.6 Trillion," The Associated Press , 7/30/18)

The Mercatus Center Found That Sanders' Current Single-Payer Plan Would Add Approximately $32.6 Trillion To The Federal Budget During The First Ten Years Of Implementation . "M4A would add approximately $32.6 trillion to federal budget commitments during the first 10 years of its implementation (2022-2031)." (Charles Blahous, "The Costs Of A National Single-Payer Healthcare System," The Mercatus Center , 7/30/18)

  • The Mercatus Study Projected That The Single-Payer Plan Would Equal Nearly 10.7 Percent Of GDP In 2022 And Rise To Nearly 12.7 Percent Of GDP In 2031 With Substantial Increases Thereafter. "This projected increase in federal healthcare commitments would equal approximately 10.7 percent of GDP in 2022. This amount would rise to nearly 12.7 percent of GDP in 2031 and continue to rise thereafter." (Charles Blahous, "The Costs Of A National Single-Payer Healthcare System," The Mercatus Center , 7/30/18)

The Mercatus Study Concluded That Doubling The Projected Federal Individual And Corporate Income Taxes Would Be "Insufficient To Finance The Added Federal Costs Of The Plan." "A doubling of all currently projected federal individual and corporate income tax collections would be insufficient to finance the added federal costs of the plan." (Charles Blahous, "The Costs Of A National Single-Payer Healthcare System," The Mercatus Center , 7/30/18)

A Single-Payer System Would Not Only Bankrupt Taxpayers, But Also Negatively Disrupt The Quality Of Care Americans Receive

The Single-Payer Proposal Would "Entail [A] Massive Short-Term Disruption." "But there's no getting around the fact that any full single-payer proposal would entail massive short-term disruption - both in the trillions of new taxes (Vox's Matt Yglesias looked at some potential ways to raise them) and in Americans being thrown off their current health care plans." (Jeff Stein, "It's Times To See If Democrats Are Serious About Single-Payer," Vox , 7/24/17)

The Tax Hikes To Support The Single-Payer System Are "Enormous" And "Can Easily Overwhelm A State's Budget." "There's a reason these states struggle so much to advance single-payer: The tax hikes required are enormous, and can easily overwhelm a state's budget." (Jeff Stein, "It's Times To See If Democrats Are Serious About Single-Payer," Vox , 7/24/17)

Additionally The Single-Payer System Would Cause All Americans To Switch Their Current Health Insurance Arrangements. "It is generally assumed that the biggest obstacle to a national health plan like Medicare for All will be the large tax increase needed to pay for it. But new polling shows another challenge: Almost half of the American people don't know that they would have to change their current health insurance arrangements if there was a single-payer plan." (Drew Altman, "One Big Thing People Don't Know About Single Payer," Axios , 11/2/17)

As A Result Hospitals Would Face Overcrowding Issues, There Would Be Long Wait Times For Care, Drug Innovation Would Come To A "Standstill" And There Would Be "Endless Fights" Over The Size Of The Federal Government's Health Budget. "Here's what health care in the U.S. would look like as a result: There would be chronic shortages of doctors nationwide. Hospital overcrowding would be epidemic. Waits for everything from hip replacements to cataract surgery to cancer treatments would be extensive. Drug innovation would come to a virtual standstill. And there would be endless fights over the size of the government's health budget, along with massive amounts of waste, fraud and abuse." (Editorial, "'Medicare For All' Would Cost $32.6 Trillion, And That's Not Even The Worst Of It," Investors Business Daily , 7/30/18)

DEMOCRATS NOW BELIEVE A COLLEGE EDUCATION SHOULD BE PROVIDED ON BEHALF OF THE TAXPAYER

Senator Sanders Introduced Legislation That Would "Eliminate Tuition" And Provide A Majority Of Students With A Four-Year College Education

In April 2017, Sanders Introduced Legislation That Would Establish Free College Tuition For Students And Families. "Sen. Bernie Sanders (I-Vt.) and Rep. Pramila Jayapal (D-Wash.) introduced legislation Monday to make public colleges and universities tuition-free for working families and to significantly reduce student debt." (Press Release, "College For All Act Introduced," Sen. Bernie Sanders , 4/3/17, p. 1)

  • The Legislation Would Eliminate Tuition And Fees At Four-Year Public Colleges And Universities For Families Making Up To $125,000 And Make Community College Free For All. "The legislation would eliminate tuition and fees at four-year public colleges and universities for families making up to $125,000 - about 80 percent of the population - and make community college tuition- and fee-free for all." (Press Release, "College for All Act Introduced," Sen. Bernie Sanders , 4/3/17)

The College For All Act Currently Has Seven Co-Sponsors Including Senators Harris, Warren And Gillibrand. ("S.806 - College For All Act Of 2017," Congress.gov , Accessed 8/14/17)

Sanders' Own Cost Estimate Of The College-For-All Plan Shows It Could Cost Up To $600 Billion Over The Next Decade, With $400 Billion Of The Bill Being Footed By Taxpayers

Under The College For All Act, The Federal Government Would Cover 67 Percent Of The Costs Of Eliminating Tuition And Fees At Public Colleges And Universities. "Under the College for All Act, the federal government would cover 67% of the cost of eliminating tuition and fees at public colleges and universities and tribal institutions of higher education. States and tribes would be responsible for eliminating the remaining 33% of the costs." ("The College For All Act," Sen. Bernie Sanders , 4/3/17, p.1)

Under Sanders' Plan, At Least $41 Billion A Year Would Be Allocated To States And Native American Tribes To "Eliminate Undergraduate Tuition And Fees" For A Student From A Family Making $125,000 Or Less A Year. "This legislation would provide at least $41 billion per year to states and tribes to eliminate undergraduate tuition and fees at public colleges and universities and institutions of higher education controlled by tribes. Under this legislation, students from any family making $125,000 or less-about 80% of our population-would be able to attend a public four-year college or university, or four-year tribal college or university, tuition- and fee-free." ("The College For All Act," Sen. Bernie Sanders , 4/3/17, p.1)

To Raise The $600 Billion Needed To Fund The Program Over The Next Decade, Higher Taxes Would Be Imposed. "The estimated $600 billion cost of the legislation would be paid for by a separate bill to tax Wall Street speculation. By imposing a small Wall Street speculation tax of just 0.5 percent on stock trades, a 0.1 percent fee on bonds and a 0.005 percent fee on derivatives, the tax would raise at least $600 billion over the next decade." (Press Release, "College For All Act Introduced," Sen. Bernie Sanders , 4/3/17, p. 1)

Another Estimate Of The Sanders Bill From The Tax Policy Center Puts The Cost Of A "College For All" Program To Be At Least $807 Billion Over The Next Decade

According To An Estimate By The Tax Policy Center, Sanders' Bill Could Cost The Federal Government $807 Billion Over The Next 10 Years. "We estimate that federal spending under the program, net of reductions in education tax credits, would increase by $807 billion over 10 years." (Len Burman, Gordon Mermin and Frank Sammartino, "An Analysis Of Senator Bernie Sanders's Tax And Transfer Proposals," Tax Policy Center , 5/9/16, p.2)

The Estimate Relied On The Assumption That College Attendance Would Not Increase, Students Would Not Switch From Private To Public Colleges And That Public College And Universities Would Not Increase Tuition. "This estimate relies on three important assumptions: (1) college attendance would not increase, (2) students would not switch from private to public colleges, and (3) public colleges and universities would not increase tuition." (Len Burman, Gordon Mermin and Frank Sammartino, "An Analysis Of Senator Bernie Sanders's Tax And Transfer Proposals," Tax Policy Center , 5/9/16, p2.)

  • However, If Those Conditions Did Not Hold "Federal Costs Could Be Significantly Higher." "Federal costs could be significantly higher if those assumptions do not hold." (Len Burman, Gordon Mermin and Frank Sammartino, "An Analysis Of Senator Bernie Sanders's Tax And Transfer Proposals," Tax Policy Center , 5/9/16, p2.)

Paying The Enormous Cost Of Education Would Potentially Be Unsustainable, With Public Colleges Unable To Handle Enrollment And Students Experiencing A Lower Quality Of Education

Some Public Colleges Worry About A Tuition-Free Program Because They Could Be "Overburdened By A Hike In Enrollment" And May Not Receive Any Additional Funding For Support Services. "Free-tuition proposals have a variety of critics. Some public colleges worry they'll be overburdened by a hike in enrollment and won't get any additional funding for support services." (Katie Lobosco, "Bernie Sanders Still Wants Tuition-Free College," CNN , 4/4/17)

Critics Of The Tuition-Free College Program Claim The Plans Do Not "Do Enough To Help The Poorest Students." "Others say that the plans don't do enough to help the poorest students, who already don't pay for tuition because of federal Pell Grants and state aid." (Katie Lobosco, "Bernie Sanders Still Wants Tuition-Free College," CNN , 4/4/17)

Additionally, Some Critics Claim A Tuition-Free College Program Could Be A "Waste Of Money" For Students Who Do Not Want To Get A College Degree. "And some say making tuition free could be a waste of money on students who don't really want to get a college degree and enroll for a year or so before dropping out." (Katie Lobosco, "Bernie Sanders Still Wants Tuition-Free College," CNN , 4/4/17)

According To The American Institute For Economic Research, "Mandating That Something Be Free Does Not Guarantee That The Service Will Be Of High Quality" Because When Profit Is Removed As A Motivating Factor To Improve The Quality, "The Incentive To Innovate And Improve Is Stifled." "Mandating that something be free does not guarantee that the service will be of high quality. When legislative fiat completely removes the profit motive from the equation, the incentive to innovate and improve said service is stifled." (José Niño, "Sorry, Bernie Bros, 'Free' College Will Cost You," American Institute For Economic Research , 10/19/17)

Furthermore, Higher Education Institutions Could Potentially Use The Promise Of Federal Aid As A "Discretionary Expense." "A big part of the reason public colleges are so expensive now is because states slashed higher education budgets during recessions and never fully made up for the loss and schools raised tuition to compensate. While some states might be enticed by the promise of federal aid, others may continue to treat higher education as a discretionary expense." (Danielle Douglas-Gabriel, "Sen. Bernie Sanders Wants Free Tuition At Four-Year Public Colleges. Here's Why It Won't Work," The Washington Post , 5/19/15)

DEMOCRATS ARE MOVING SO FAR TO THE LEFT THAT THEY HAVE BEGUN PROMISING TAXPAYER-FUNDED JOBS FOR EVERYONE

At Least Two Democrat Senators Have Proposed A "Job Guarantee Program" That Would Provide All Americans A Job At A Cost To The Taxpayer

In April 2018, Cory Booker Announced Legislation That Would Establish A "Job Guarantee Program" For Americans In High Unemployment Areas Across The United States. "U.S. Sen. Cory Booker (D-NJ) has announced that he will introduce legislation that seeks to establish a model federal jobs guarantee program in up to 15 high-unemployment communities and regions across the United States." (Press Release, "New Booker Bill Seeks To Establish Model For Federal Jobs Guarantee Program In High-Unemployment Communities," Sen. Cory Booker , 4/20/18)

  • The Federal Jobs Guarantee Development Act Is A Three-Year Pilot Program That Would Take Place Over 15 Local Areas And Guarantee A Government Job To Adult Americans At $15 An Hour. "The Federal Jobs Guarantee Development Act, announced by Booker on Friday, would establish a three-year pilot program in which the Department of Labor would select up to 15 local areas (defined in the bill as any political subdivision of a state, like a city or a county, or a group of cities and counties) and offer that area funding so that every adult living there is guaranteed a job paying at least $15 an hour (or the prevailing wage for the job in question, whichever's higher) and offering paid family/sick leave and health benefits." (Dylan Matthews, "Cory Booker's New Big Idea: Guaranteeing Jobs For Everyone Who Wants One," Vox , 4/20/18)

The Federal Jobs Guarantee Development Act Has Gained Traction With Fellow Democrat Senators Who Have Co-Sponsored The Legislation Including Gillibrand, Harris And Warren. ("S.2746 - Federal Jobs Guarantee Development Act OF 2018," Congress.gov , Accessed 8/14/18)

In April 2018, It Was Announced That Sanders Would Introduce Legislation That Would Require The Federal Government To Guarantee A Job Paying $15 An Hour With Healthcare Benefits For American Workers Who "Want[ed] Or Need[ed] One." "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." (Jeff Stein, "Bernie Sanders To Announce Plan To Guarantee Every American A Job," The Washington Post , 4/23/18)

  • Sanders' Jobs Guarantee Would Provide Americans A Job Through The Various Deficiencies In The Job Sector And Provide Job Training For Those That Need It In Order To Perform The Specific Job. "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." (Jeff Stein, "Bernie Sanders To Announce Plan To Guarantee Every American A Job," The Washington Post , 4/23/18)

Sanders Office Has Yet To Do A Cost Estimate For The Plan Or Decide How The Plan Would Be Funded. "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." (Jeff Stein, "Bernie Sanders To Announce Plan To Guarantee Every American A Job," The Washington Post , 4/23/18)

Support Of The Plan Has Gained Momentum From Other Possible "2020 Contenders" Such As Gillibrand And Booker. "The Vermont senator joins two other possible 2020 contenders, Sens. Kirsten Gillibrand (D-N.Y.) and Cory Booker (D-N.J.), who have also expressed support for similar proposals in recent weeks." (John Bowden, "Sen. Sanders To Announce Proposal Promising Jobs To All Americans," The Hill , 4/24/18)

Two Estimates Of A Job Guarantee Program Evaluate The Plan To Cost Between $1.58 And $5.43 Trillion Over The Span Of A Decade

According To An Estimate From The Liberal Center Of American Progress (CAP), An Expanded Public Employment Program With A $15 Per Hour Minimum Wage Could Cost Nearly $158 Billion In 2018. "Such an expanded public employment program could, for example, have a target of maintaining the employment rate for prime-age workers without a bachelor's degree at the 2000 level of 79 percent. Currently, this would require the creation of 4.4 million jobs. At a living wage-which we can approximate as $15 per hour plus the cost of contributions to Social Security and Medicare via payroll taxes-the direct cost of each job would be approximately $36,000 annually. Thus, a rough estimate of the costs of this employment program would be about $158 billion in the current year." (Brendan Duke, et. all, "Toward A Marshall Plan For America," Center For American Progress , 5/16/17)

An Estimate From The Center On Budget And Policy Priorities Estimated The Cost Of A Job Guarantee Program To Be $543 Billion Annually. (William Darity Jr, Darrick Hamilton and Mark Paul, "The Federal Job Guarantee - A Policy To Achieve Permanent Full Employment," Center On Budget And Policy Priorities , 3/9/18)

‚Äč

  • The Cost Of The Program Accounted For "Just Under 3 Percent Of GDP." "Using January 2018 data from the Bureau of Labor Statistics, we estimate a total annual program cost of $543 billion, or just under 3 percent of GDP." (William Darity Jr, Darrick Hamilton and Mark Paul, "The Federal Job Guarantee - A Policy To Achieve Permanent Full Employment," Center On Budget And Policy Priorities , 3/9/18)

The Program Not Only Balloons The Budget, But Also Fails To Account For The Potential To Displace Workers That Are Already Employed In The Private Sector

Critics Claim A Federal Job Proposal With Government Intervention To Set A Federal Base Wage Could Lead To "Private Businesses Cutting Costs In Other Areas, Including Hiring Fewer Employees." "Critics of federal jobs proposals say that government intervention to raise wages could lead to private businesses cutting costs in other areas, including hiring fewer employees." (John Bowden, "Sen. Sanders To Announce Proposal Promising Jobs To All Americans," The Hill , 4/24/18)

  • The Center On Budget And Policy Priorities Even Claimed That A "Displacement Of Some Workers Currently Employed In The Private Sector" May Occur Due To The Job Guarantee Program. "Although the job guarantee may result in the displacement of some workers currently employed in the private sector, especially at the low end of the labor market, evidence from the minimum wage debates may provide insight into the employment dynamics with a job guarantee." (William Darity Jr, Darrick Hamilton and Mark Paul, "The Federal Job Guarantee - A Policy To Achieve Permanent Full Employment," Center On Budget And Policy Priorities , 3/9/18)

Annie Lowery, A Reporter At The Atlantic, Claimed That The CAP Report Left Many Questions "Unanswered" And Suggested That The Current Pool Of "Unemployed, Displaced, And Discouraged" Workers Would Not Be Fit For The Jobs That Needed To Be Filled Because They Require A "Considerable Amount Of Training And Skill." "Of course, there might be less salutary effects as well, and the CAP proposal leaves a number of questions unanswered. For example, the report suggests turning the current pool of unemployed, displaced, and discouraged workers into teachers' aides, EMTs, and elder-care assistants. But those are jobs that require a considerable amount of training and skill, and are generally long-term careers rather than temporary gigs. They might not be the right ones for a public-jobs program aimed at disaffected workers, in other words." (Annie Lowery, "Should The Government Guarantee Everyone A Job?," The Atlantic , 5/18/17)


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