WebFire;1587246 wrote:How do you achieve 100% employment?
You're never going to achieve 100% employment in the private economy. Even in the golden age of capitalism with few distortions from regulations and taxes etc. that Libertarians think was this Nirvana there were still periods of mass unemployment. And, this was when we were still migrating from the farms where people employed themselves to working for Capitalists in cities.
The simple answer is we decide as a society what size government we want and then in reaction to whatever level of unemployment results, the Federal, Currency-Issuing Government purchases the labor of the unemployed to provide a buffer stock of employed people at a wage floor in public works that rises and falls across the business cycle and stop providing income support and welfare in its entirety.
Basically the same thing we did during World War II, the Korean War and Vietnam except, instead of killing people, these young men and women will engage in productive activity instead of the unproductive killing of Asians.
And, no draft. Simply an offer to work for those who are unemployed.
It's a buffer stock for our labor force as a whole just like we have buffer stocks of food in our agricultural policy, buffer stocks of gasoline in our industrial policy and buffer stocks of soldiers in the form of the National Guard and Reserve Components in our Military Policy.
We as a capitalist economy use buffer stocks all the time. No reason why we couldn't have a buffer stock of employed public workers vs. our ineffective buffer stock of unemployed masses + Welfare recipients that we currently have.