Randy Wray Argues a Job Guarantee Will Suppress Wages
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Matt Bruenig continues his deep dive into the JG archives, this time finding an interesting 1997 paper from Randy Wray persuasively arguing that the program will suppress private sector wages. Wray saw that as a positive in the 1990s, but now JG advocates (including Wray) are saying the opposite is true, that the program will run up private sector wages.