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References
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[1]
[PDF] The Job Guarantee: Design, Jobs, and ImplementationCore Policy Objective of the Job Guarantee. • To provide decent jobs at ... There is some empirical evidence that illustrates this effect (Tcherneva 2013).
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[2]
[PDF] The Federal Job Guarantee—A Policy to Achieve Permanent Full ...Mar 9, 2018 · The Federal Job Guarantee is a policy to achieve permanent full employment, where any person who seeks a job can secure one.
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[3]
The Federal Job Guarantee - A Policy to Achieve Permanent Full ...Mar 9, 2018 · The job guarantee would function as a de facto floor in the labor market, greatly increasing the bargaining position of workers throughout the ...Missing: criticisms | Show results with:criticisms
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[4]
[PDF] Job or Income Guarantee? WP 29 Pavlina R. Tcherneva Associate ...This means that there is a pool of reserve labor that finds it hard (in the case of the unemployed, impossible) to obtain the dollars necessary to pay taxes.
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[5]
Mahatma Gandhi NREGAMGNREGA provides a legal guarantee for 100 days of employment per year to every rural household in India. This ensures that eligible households have access ...<|separator|>
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[6]
[PDF] The Impact of Indian Job Guarantee Scheme on Labor Market ...The National Rural Employment Guarantee Act (NREGA) of India is the largest employ- ment guarantee program in the World with an annual central budget of 8.92 ...
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[7]
[PDF] Success and failure in MGNREGA implementation in IndiaMGNREGA employment outcomes vary across states ... ESID Working Paper 15: The political economy of implementing the National Rural Employment Guarantee Scheme in ...
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[8]
[PDF] Employing the unemployed of Marienthal: Evaluation of a ...Jun 23, 2025 · These findings have implications for both policy and future research. First, our find- ings suggest that the job guarantee is a promising policy ...
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[9]
A Jobs Guaranteed Economic Disaster | Cato at Liberty BlogApr 24, 2018 · The Jobs Guarantee then is an extremely large and costly endeavor, which would have major economic consequences and risk a large federal ...
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[10]
The Economics of a Job Guarantee: Wage and Employment EffectsJun 6, 2019 · A job guarantee would work if everything went as hoped: The guarantee would attract millions of long-term unemployed, together with others who have dropped out ...
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[11]
Examining the macro effects of MNREGA - VoxDevApr 16, 2021 · The introduction of MNREGA increased economic activity as measured by night-time lights and banking deposits, but mostly in richer districts.
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[12]
[PDF] Spillover Impacts on Education from Employment GuaranteesEstimating the spillover effects of MGNREGA on educational outcomes has been a recent active research area, as MGNREGA represents the world's largest employment ...
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[13]
A proposal for achieving full employment - Bureau of Labor StatisticsA job guarantee produces full employment because its purpose is to employ all people who wish to work. Using research on past direct public employment programs, ...
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[14]
Underwhelming Ideas: A Federal Jobs Guarantee - AEISep 11, 2020 · A growing and healthy economy will be in a continual process of evolution and adjustment. We want the labor market to be part of that adjustment ...<|control11|><|separator|>
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[15]
[PDF] Labor Market Considerations for a National Job GuaranteeWe then discuss relevant labor market considerations for the design of a job guarantee and provide numerical context rooted in current labor market data.
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[16]
The Job Guarantee - Exploring EconomicsThe general idea of a Job Guarantee (JG) is that the government offers employment to everybody ready, willing and able to work for a living wage.
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[17]
[PDF] Labor Market Considerations for a National Job GuaranteeWe conclude that, while a job guarantee could lift employment rates and incomes for many participants, there is considerable uncertainty associated with its ...
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[18]
[PDF] MMT's Proposal for Full Employment and Price Stability | Bard ToolsThe Job Guarantee is a structural macroeconomic policy that secures full employment and price stability, while addressing the inequities already embedded in the ...Missing: conceptual | Show results with:conceptual
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[19]
Guaranteed employment or guaranteed income? - ScienceDirect.comThe paper critically reviews the arguments for and against both employment guarantees and income guarantees when viewed as rights-based policy instruments ...
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[20]
The Job Guarantee: Lessons from Argentina's Jefes Plan and Its ...Aug 1, 2025 · A Job Guarantee (JG) is a labor buffer stock to achieve full employment and price stability. Argentina's Jefes program was a limited JG case ...Missing: conceptual | Show results with:conceptual
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[21]
Minsky's Approach to Employment Policy and PovertySep 13, 2007 · Employer of Last Resort and the War on Poverty. by L. Randall Wray. While Hyman P. Minsky is best known for his work on financial ...
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[22]
Employer of Last Resort and the War on Poverty by L. Randall WraySep 13, 2007 · Minsky is best known for his work on financial instability, he was also intimately involved in the postwar debates about fiscal policy and what ...
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[23]
MMP Blog #42: Introduction to the Job Guarantee or Employer of ...Mar 18, 2012 · By L. Randall Way. This week we begin our series on the Job Guarantee or employer of last resort. Both terms have been used to refer to the ...Missing: foundations | Show results with:foundations
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[24]
The provenance of the Job Guarantee concept in MMT - Bill MitchellApr 20, 2020 · And I am continuing to document the idea of a Job Guarantee, which is central to the MMT framework, despite many who claim to be MMTers thinking ...
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[25]
[PDF] The Job Guarantee: A Critical Analysis - AIERThe Levy authors criticize tiered pay structures as more likely to crowd out private sector hiring. A federal job guarantee as proposed in the CBPP and Levy ...
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[26]
Louis Blanc, Organisation of Work (1840) - David Hart's websitesTo this end he advocated the idea that the government should own the greater industries and establish national workshops in which each man would receive ...
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HET: Louis Blanc - The History of Economic Thought WebsiteIt was supposed to implement a scheme for "national workshops" (ateliers nationaux) for each trade in France, to absorb the unemployed and fulfill the ...
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[28]
National Workshops, by St. Loe Strachey - EconlibHere is the Decree which stated the right to work, or more scientifically—the right to wages ( le droit au salaire):—. PARIS, February 25, 1848. THE FRENCH ...
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[29]
The French National Workshops of 1848. by Ferdinand Lassalle 1906The so-called “National Workshops” of Paris were a failure, and use this as an argument against any attempt at the State organisation of labour.
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[30]
The History of Guaranteed Wages and EmploymentFeb 3, 2011 · Since the first American guaranteed wage and employment plans were formulated more than sixty years ago, the concept of guarantees has been ...
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(PDF) The Job Guarantee of 1848 - ResearchGateThe Job Guarantee of 1848 · examine are those when concrete proposals to directly eliminate unemployment have been · under duress by proclaiming that the state ...
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[32]
Why politicians should promise every American a job | VoxApr 27, 2018 · The idea dates back at least to French socialist Louis Blanc's mid-19th-century plan to establish “national workshops” to guarantee employment ...
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The Works Progress Administration | American Experience - PBSRoosevelt's work-relief program employed more than 8.5 million people. For an average salary of $41.57 a month, WPA employees built bridges, roads, public ...
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[34]
The WPA: Antidote to the Great Depression?WPA rules were geared to maximize employment among the people hardest hit by the depression. Ninety percent of WPA jobs went to workers on relief, meaning that ...
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[35]
Maharashtra's Employment Guarantee Scheme - jstorThe Employment Guarantee Scheme (EGS), begun in 1972 by the Maharashtra State Gov- ernment, is a recognition of the citi- zen's right to work.
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[PDF] The Politics and Bureaucratics of Rural Public Works: Maharashtra's ...The scheme was initiated by political activists, and coincided with a devastating drought in 1972-74, which generated widespread public sympathy. The EGS served ...
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[PDF] Implementation of the National Rural Employment Guarantee Act in ...Maharashtra Employment Guarantee Scheme apart, India has a long history of public works programs, particularly in rural areas as a poverty reduction ...
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The Job Guarantee: Toward True Full Employment - Amazon.com30-day returnsThis timely collection will be the first of its kind to focus on the practical application of the government job guarantee (JG) for both developed and ...
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Setting things straight about the Job Guarantee - Bill MitchellJul 30, 2020 · I advocate: 1. A guaranteed job for anyone who wants to work and cannot currently find a job. 2. They would receive a socially-inclusive minimum ...
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[PDF] Investing in a Job Guarantee for AustraliaThe Job Guarantee proposal was conceived independently by Mitchell (1998) and Mosler. (1997-98). Other Modern Monetary Theory (MMT) advocates have also ...
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[41]
Public Service Employment - Levy Economics Institute of Bard CollegeApr 17, 2018 · Kelton examine the impact of a new “job guarantee” proposal that would seek to eliminate involuntary unemployment by directly creating jobs in ...
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Guaranteed Jobs Through A Public Service Employment ProgramThe program we envision—which we call a Public Service Employment (PSE) program—would create millions of new jobs at a living wage in an effort to guarantee ...
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Job guarantees, explained | VoxSep 6, 2017 · Bernie Sanders, Cory Booker, and Kirsten Gillibrand have all embraced a bold new idea they think will revitalize the American economy: a job guarantee.
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Policy & Political Action - The Job GuaranteeThe Presidential Employment Stimulus is direct job creation program that has created more than a million employment opportunities for workers in response to the ...
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[45]
Some historical thinking about the Job Guarantee - Bill MitchellFeb 25, 2021 · It was a scheme to address the inflationary crises endemic to late industrial capitalism where capital and labour are in conflict and both had price setting ...Missing: pre- | Show results with:pre-
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Job Guarantee FAQ - Pavlina TchernevaThe job guarantee (JG) is expected to attract people who are involuntarily unemployed or work part time for lack of full-time work.
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More than just a job: Job guarantee pilot study proves to ... - WU WienNov 30, 2023 · A researcher from WU (Vienna University of Economics and Business) has tested an innovative approach: a job guarantee for everyone.
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Full Employment via a Job Guarantee - Bill MitchellUnder the Job Guarantee policy, the government continuously absorbs workers displaced. from private sector employment. The Job Guarantee employees would be paid ...<|separator|>
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Labour market effects of workfare programmes: Evidence ... - VoxDevApr 27, 2018 · We find that NREGA employment crowded out private sector employment one for one and increased rural wages by 5%. The wage effects are ...
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[PDF] WHY GUARANTEE EMPLOYMENT? EVIDENCE FROM A LARGE ...The impact NREGS has on private-sector wages is therefore an empirical question. The National Rural Employment Guarantee Act (NREGA) was passed in the Indian ...
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[PDF] India's National Rural Employment Guarantee Scheme: What Do We ...Nov 29, 2016 · Third, NREGS seems to have increased rural private sector wages, but led to worse educational outcomes for older children, with contentiously ...
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[52]
Yes, The Jobs Guarantee Is Absurd - ForbesApr 24, 2018 · The jobs guarantees that are being proposed out there have two purposes: end involuntary unemployment and ending low wages.
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[53]
Employer of Last Resort: A Case Study of Argentina's Jefes ProgramOct 16, 2008 · By most measures, the program has been a tremendous success, providing jobs to 2 million workers, or about 5% of the population and 13% of the ...
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[54]
[PDF] Argentina: A Case Study on the Plan Jefes y Jefas de Hogar ...In early 2000, the Ministry of Labor's team of the Employment Secretary worked on the first sketches of a new type of program. This program aimed to reduce ...
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[PDF] Employment Guarantee Scheme of Maharashtra, IndiaAll adults in rural areas of Maharashtra are entitled to the employment guarantee. Pay and Benefits. Wages are determined by piece rates calculated to ensure ...
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[56]
[PDF] Employment Guarantee Scheme for rural development a model of ...In India, the Employment Guarantee Scheme (EGS) of Maharashtra is a unique model of a public works programme. It guarantees employment to all rural adjust ...Missing: job | Show results with:job
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World's first universal jobs guarantee experiment starts in AustriaNov 2, 2020 · The scheme is unique in offering a universal guarantee of a properly paid job to every resident who has been unemployed for more than 12 months.
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[PDF] Employing the Unemployed of Marienthal: Evaluation of a ...Apr 21, 2023 · In the present paper, we evaluate a pilot program which aims to address this lack of evidence – the MAGMA job guarantee program, which launched ...
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World's first universal job guarantee boosts wellbeing… | INET OxfordDec 3, 2022 · The world's first universal job guarantee experiment has eliminated long-term unemployment while making participants happier, more financially secure, and more ...
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MAGMA – a job guarantee pilot project - OECDThe programme aims to abolish long-term unemployment, counter its social and individual effects, and provide counselling to help participants secure employment.<|separator|>
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Zero Long Term Unemployed Territories (TZCLD) - The Job GuaranteeA study commissioned in 2017 calculated the cost of unemployment to be as much as EUR 19,000 per year and cost-savings are reallocated to the TZCLD (8).
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[62]
Zero long-term unemployment: the local and regional perspectiveMay 25, 2023 · In the CWP 2024, European Commission has dedicated around 23 mil EUR to scaling up local and regional experiments of innovative ways to tackle ...
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City of Cleveland, Universal Basic Employment, and United Way of ...May 22, 2024 · Cleveland is the first city in the country to explore UBE as an opportunity to create a pathway out of poverty through a social innovation partnership.
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Evaluation of a guaranteed job program - Maximilian KasyThis page provides an overview of our ongoing study of a guaranteed job pilot in Gramatneusiedl, Austria. The pilot started in October 2020.
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[PDF] Examining the evidence on the effectiveness of India's rural ... - 3ieBy providing employment for work, the MGNREGA scheme may enhance livelihoods for rural beneficiary households directly through increased wages, increased.
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[PDF] Social Protection in a Crisis: Argentina's Plan Jefes y JefasOne assessment claimed that Jefes accounted for the entire reduction in unemployment in the year follow- ing the crisis, which happened to roughly equal the ...
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[PDF] The Marginal Rate of Corruption in Public Programs: Evidence from ...May 16, 2013 · In devel- oping countries corrupt officials often embezzle funds, so optimal policy should reflect marginal corruption. We analyze marginal ...Missing: MGNREGA | Show results with:MGNREGA
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[PDF] Why Guarantee Employment? Evidence from a Large Indian Public ...This may crowd out private or family employment if NREGS is the more attractive job, but does not have to if NREGS functions as a precautionary savings tool ...
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Why Guarantee Employment? Evidence from a Large Indian Public ...A common concern with these programs is that the availability of government benefits reduces job search efforts or hours worked, thereby crowding out private- ...
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The effect of the Mahatma Gandhi National Rural Employment ...According to the Government of India, MGNREGA generated 2,350 million person days' work only in 2015–16 ('235 crore person days' work generated by MGNREGA: ...
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[PDF] Employing the unemployed of Marienthal: Evaluation of a ...Feb 9, 2025 · In the present paper, we evaluate a pilot program which aims to address this lack of evidence – the MAGMA job guarantee program, which launched.
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How job guarantee programmes can eliminate long-term ...The scheme uniquely offered a guaranteed, properly paid job to all residents unemployed for over 12 months. Participants received training and job placement ...
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[73]
[PDF] Job Guarantee: Evidence and Design - University of BristolEarly evaluation evidence tended to focus on the delivery of the programmes, their relative costs, their impact in reducing the unemployment count, and their ...
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The welfare effects of India's rural employment guaranteeWe assess the welfare effects of India's workfare program NREGA using a novel, almost sharp regression discontinuity design.
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[75]
The Mahatma Gandhi National Rural Employment Guarantee ...Mar 4, 2017 · The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) was developed by the Indian government to reduce rural poverty through 100 days of ...5 Findings · 5.1 Mgnrega Implementation · 5.1. 4 Wage Discrepancies<|separator|>
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Not Just Any Job Will Do: A Study on Employment Characteristics ...Based on Hirschi's (1969) social control theory, Sampson and Laub (1993) stated that employment can lead to a reduction in criminal behavior through the ...
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The Spillovers of Employment Guarantee Programs on Child Labor ...The review covers 175 peer-reviewed journal articles and 15 policy reports. Findings show that the literature is concentrated in high-income countries and ...Missing: evaluation | Show results with:evaluation
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Beyond the Employment Dichotomy: An Examination of Recidivism ...Specifically, the strength of the social bond of employment is considered via job stability, such that weak bonds are assumed when one is unable to maintain the ...
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[79]
The Job Guarantee - Levy Economics Institute of Bard CollegeNov 26, 2024 · MMT's Proposal for Full Employment and Price Stability. by Pavlina R. Tcherneva. Originally issued as EDI Working Paper No. 02, 2022.
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[PDF] The Job Guarantee and Inflation Control - Bill MitchellIntroduction. In this paper, we compare inflation control under a NAIRU² regime compared to an economy that implements a Job Guarantee (JG) along the lines ...
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[81]
MMT's Proposal for Full Employment and Price StabilityThe Job Guarantee: MMT's Proposal for Full Employment and Price Stability. 21 Pages Posted: 10 Feb 2025. See all articles by Pavlina R. Tcherneva ...
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[PDF] The Job Guarantee and Inflation ControlIn the face of wage-price pressures, the JG approach maintains inflation control by choking aggregate demand and inducing slack in the non-buffer stock sector. ...
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[83]
[PDF] On Price Stability with a Job Guarantee - Brian AlbrechtMMT economists argue for creating a job guarantee program, which they argue would generate price stability. Using a benchmark model of time consistency.
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WP 02 Pavlina R. Tcherneva The Job Guarantee: MMT's Proposal ...Orthodox economic theory presents the policy maker with an impossible choice: eradicate unemployment at the cost of undesirable inflation or keep prices stable ...
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On price stability with a job guarantee - Mejia - Wiley Online LibraryMay 23, 2022 · MMT economists argue for creating a job guarantee program, which they argue would generate price stability. Using a benchmark model of time ...
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[PDF] NREGA and its Impacts on Rural Wage Rates - ICRISATJul 12, 2025 · MGNREGA is a major reason for rising farm wages, impacting both male and female agricultural wages, but not mason wage rates.
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[PDF] The job guarantee: Lessons from Argentina's Jefes Plan and its reformIndexation of public wages, social security payments and virtually every price paid by the government compounded the problem and institutionalized inflation.
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[PDF] The Trade-off between Inflation and Unemployment in an MMT WorldThe model challenges the contention made by MMTers that measures such as the job guarantee program can achieve full employment without facing an inflation- ...
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The Federal Job Guarantee - IntereconomicsThe job guarantee would offer a permanent, viable alternative to low pay, low benefits and poor working conditions for all Americans.Missing: criticisms | Show results with:criticisms
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[91]
Is a Guaranteed Living Wage a Good Anti-Poverty Policy?But there is one solution - a workfare scheme in which the government acts as the employer of last resort. Is this a cost-effective policy against poverty?Missing: crowding | Show results with:crowding
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[95]
What Is the “Federal Jobs Guarantee” and What Are People Saying ...Mar 25, 2019 · A federal jobs guarantee is as simple as it sounds on the surface: everyone in the country will be guaranteed a job by the US government should they desire one.
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[96]
[PDF] The Job Guarantee: A Critical Analysis - AIERUnemployment is currently low by historical standards, but calls from some policy circles have grown louder for a radical response: a federal job guarantee.
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[97]
Corruption and the Mahatma Gandhi National Rural Employment ...Jul 16, 2012 · This column presents evidence of embezzlement in India's flagship rural employment programme and suggests new ways policymakers can test what works in the ...
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[98]
Rs 7.3 crore MGNREGA scam uncovered in Bharuch amid growing ...Jun 1, 2025 · Opposition Leader Amit Chavda first exposed a Rs 250 crore MGNREGA scam in Devgadhbaria and Dhanpur, Dahod. Subsequent probes confirmed Rs 71 ...
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[PDF] Politics, Relief, and Reform. Roosevelt's Efforts to Control Corruption ...New Deal reforms is often castigated as bureaucratic, but rarely corrupt. ... Patterson (1967, 1986) discusses the problem of corruption prior to the New Deal and.
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[100]
Federal Government Made $236 billion “Improper Payments” Last ...Mar 26, 2024 · The federal government reported an estimated $236 billion in “improper payments” during the most recently completed fiscal year (FY 2023).
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Constructive Criticisms of a Job Guarantee ProgramAt national level, a key criticism is corruption. Workers hired under the MGNREGA program say they are frequently not paid in full or forced to pay bribes to ...Missing: inefficiencies | Show results with:inefficiencies
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'Federal Jobs Guarantee' Idea Is Costly, Misguided, And ...Nov 19, 2018 · Finally, a government operation as colossal as a federal jobs guarantee program would inevitably be vulnerable to both political corruption and ...<|separator|>
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[103]
Does a job guarantee pay off? The fiscal costs of fighting long-term ...In this paper, we analyse the fiscal costs of a JG for long-term unemployed people over the age of 45 in Austria. We show that a JG pays off in the long run.
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[104]
US Debt Sustainability: An Uncertain Fiscal FutureJul 30, 2024 · US debt is at record levels and continuing to rise. While the long-term trajectory is unsustainable—and a precise tipping point is unknown—we do ...
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[105]
Government Employment Guarantee, Labor Supply, and Firms ...Apr 8, 2020 · Using establishment-level data, we examine the impact of the Indian government's employment guarantee program on labor and firm behavior.Missing: criticisms job
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[106]
[PDF] Towards zero long-term unemployment in the EU: Job guarantees ...Mar 6, 2024 · Additionally, financial sustainability and the absence of comprehensive cost-benefit analysis only serves to complicate the long-term viability ...<|separator|>
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[107]
Universal Basic Income or a Job Guarantee?Whilst both the Universal Basic Income and the Job Guarantee seek to resolve the same problem the macroeconomic consequences of each would be very different. ...Missing: comparison | Show results with:comparison
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[108]
[PDF] THE IMPACT OF LABOUR MARKET DEREGULATION - EconStorThis paper provides theoretical and empirical perspectives on the impact of labour market deregulation as a means of combatting unemployment and of enhancing ...
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[109]
The Employment Effects of Labor and Product Market Deregulation ...Aug 7, 2025 · This study explores the effects of labor and product market deregulation on employment growth. Our empirical results, based on an OECD country ...<|control11|><|separator|>
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[110]
Labor market considerations for a national job guarantee | BrookingsDec 6, 2018 · We conclude that, while a job guarantee could lift employment rates and incomes for many participants, there is considerable uncertainty associated with its ...
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[113]
Booker, Watson Coleman, Omar Reintroduce Bicameral Legislation ...Jul 28, 2023 · A federal job guarantee program will bring more people into the labor force and help address the labor shortages within key sectors that are ...Missing: proposal | Show results with:proposal
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[114]
S.2651 - Federal Jobs Guarantee Development Act of 2023This bill requires the Department of Labor to establish a pilot program to provide grants to eligible entities (ie, political subdivisions of states and Tribal ...
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[115]
H.R.5065 - 118th Congress (2023-2024): Federal Jobs Guarantee ...This bill requires the Department of Labor to establish a pilot program to provide grants to eligible entities (i.e., political subdivisions of states and ...Missing: proposals | Show results with:proposals
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H.Res. 1011 (118 th ): Recognizing the duty of the Federal ...Res. 1011 (118th): Recognizing the duty of the Federal Government to create a Federal job guarantee. Call or Write CongressMissing: proposals | Show results with:proposals
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[117]
During Black History Month, Pressley Unveils Federal Job ...Feb 15, 2024 · A federal job guarantee would provide every person with an enforceable legal right to a quality job.
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[PDF] Federal Jobs Guarantee Resolution - Ayanna PressleyA federal job guarantee would provide every person with an enforceable legal right to a quality job on projects that meet long-neglected community, physical and ...
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[119]
Options for Reducing the Deficit: 2025 to 2034Dec 12, 2024 · This report presents 76 options for altering spending or revenues to reduce federal budget deficits over the next decade.
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[120]
NY State Senate Bill 2025-S563Enacts the good jobs guarantee program to provide workforce training and opportunities for employment for residents of New York state to secure high paying jobs ...
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NY State Assembly Bill 2025-A2594Jan 21, 2025 · Enacts the good jobs guarantee program to provide workforce training and opportunities for employment for residents of New York state to secure ...
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Federal Jobs Guarantee Development Act of 2023 | TrackBillThis bill requires the Department of Labor to establish a pilot program to provide grants to eligible entities (i.e., political subdivisions of states and ...
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[123]
The Case for a Job Guarantee - Pavlina TchernevaTcherneva challenges us to imagine a world where the phantom of unemployment is banished and anyone who seeks decent, living-wage work can find it – guaranteed.
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[PDF] DON'T FEAR THE ROBOTS: | The Roosevelt InstituteTo address this, the government should enact a job guarantee program, which would provide non-poverty ... resulted in large-scale technological unemployment—a ...
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Top 20 Predictions from Experts on AI Job Loss - Research AIMultipleOct 11, 2025 · A 2021 survey by sociologist Eric Dahlin found that approximately 14% of Americans reported losing their jobs to robots. Despite this modest ...
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The fear of technology-driven unemployment and its empirical baseJun 10, 2022 · This column suggests that the empirical support for the labour-creating effects of technological change dominates that for labour-replacement.
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An assessment of basic income, job guarantee, and working time ...The job guarantee scheme effectively reduces unemployment but raises the fiscal deficit, while working time reduction improves wage share, cuts deficits, and ...