Description/Abstract of your Event:
The anti-recession strategy favored by most progressives relies on deficit spending to boost aggregate demandâ€”thereby inducing private sector businesses to resume hiring. It is a proven strategy, but there is an alternative that would work better. Pioneered by New Deal progressives in the 1930s, this alternative would rely on direct job creation by government to create temporary jobs immediatelyâ€”while relying on the multiplier effect of jobs program spending to induce private sector job creation in the conventional Keynesian manner. The advantages of this strategy compared to conventional Keynesian measures are that it would (1) cost less per created job, (2) deliver its job-creation effect more quickly, (3) distribute the jobs it created more fairly, (4) deliver its Keynesian stimulus to the private sector more efficiently, and (5) be capable of achieving genuine full employment across all phases of the business cycle. This alternative strategy has been adopted in a bill filed in the House of Representatives by Rep. John Conyers. If enacted, the Conyers bill would enable the federal government finally to secure the right to work proclaimed by President Roosevelt in 1944 and recognized as a human right in the Universal Declaration of Human Rights. This panel will provide a briefing on the provisions of the Conyers bill, its current legislative status, the political strategy being pursued to build support for it, and the practical steps being taken to implement that strategy.