Federally Guaranteed Jobs Versus UBI

Certain presidential candidates are promoting the idea of a Federally Guaranteed Jobs program. This proposal is competing with the idea of UBI (Universal Basic Income) proposed by other candidates.

First of all, one has to take into consideration is the fact that a Federally Guaranteed Jobs program does not equate to guaranteed federal jobs.

Think of it in this way. For decades we have had a federally guaranteed student loan program and federally guaranteed home loans. In each of these cases, the services rendered are not provided by the federal government, they are farmed out to be provided by corporate entities. The corporations make the profits while the federal government acts as the collection agency for the corporations, ruining your life for years should you default on any “federal guarantee”. Simply put, they do not guarantee the loan or service, they only guarantee that they will put the screws to your thumbs to collect for the corporations.

Right now, while federally guaranteed jobs are being discussed, our government contracts out most of the work being done. Contracts out to corporate entities who do the work for corporate profit, that is. Road construction and repair, building design/construction/renovation, food production and delivery, weapons manufacturing and research. You name it, the government probably contracts for it.

So it most likely means that when we talk about federally guaranteed jobs, what we are really talking about is federally subsidizing…