Describe whether or not the government should be the “employer of last resort.” Should the government...

Describe whether or not the government should be the “employer of last resort.” Should the government guarantee a job to anyone who wanted one, yet could not find one? If yes, what would be the biggest benefit to our country? If not, what would be the biggest drawback to such a policy?

Attachments Skills

Analyze the causes of change in unemployment over the long run.

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Expert Solution

Government should work towards guaranteeing a job to every involuntarily unemployed person in the country especially to the youth of the country. The government should be the lender of last resort. It is the duty of the government to provide job to each and every person in the country who desires to have one. Government has to create jobs for all in the country and if in the short term is not able to provide jobs to all then it should atleast guarantee an unemployment allowance to these people . The biggest benefit of this policy is channelizing the energy of the youth in the right direction. Unemployed youth are prone to take up robbery, thefts, domestic violence etc in case of no jobs are provided to them. And if they are provided with the right jobs they can contribute to the growth of the nation in a significant manner. This is beneficial for the entire country. For instance, the Government of India through its Minimum Employment Guarantee Scheme provides jobs to all the citizens in the citizens who are involuntarily unemployed. The jobs are mainly provided in the construction sector but this has helped in asset creation in various districts and has contributed to overall growth of the nation.

Thus, government should act as the employer of the last resort and guarantee a job to anyone who wanted one.

Rahul Sunny answered 2 years ago

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