Minivan Man Tim Profile picture
May 2, 2018 6 tweets 3 min read Twitter logo Read on Twitter
The #JobGuarantee is more than a price stabilizing tool, or a "buffer stock of labor" to keep ready for private sector employers. It IS those things, but more importantly it's a life changing policy that will eliminate involuntary unemployment. And for me it's personal.. 1/
My son Jared turns 7 in a few weeks. He was 3 when he was diagnosed with autism. The official diagnosis wasn't a surprise to me, it was almost like diagnosing my daughter with curly hair. We knew. I WAS surprised however when I heard of the unemployment #'s for autistic adults 2/
"There will be 500,000 adults on the autism spectrum aging into adulthood over the next 10 years. Yet a whopping 85% of college grads affected by autism are unemployed, compared to the national unemployment rate of 4.5%" (2017) 3/…
Willing and able QUALIFIED adults with #autism are not getting hired for reasons as silly as awkward job interviews. We need to continue to prepare young adults on the spectrum for the workforce, but we need to better prepare the workforce for young adults on the spectrum 4/
And for those who slip through the cracks, that's where the #JobGuarantee comes into play. Anyone willing and able to work (on the autism spectrum, with another disability, or with no disability whatsoever), should be given that chance at a wage above the poverty line. 5/
And if you are wondering how we can afford it, #LearnMMT to find out. A currency issuing government can purchase anything for sale in its own currency, including and especially unused labor. Not to mention, the cost of unemployment is far greater than the cost of a #JG

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More from @youmans_tim

May 21, 2018
When China gets US$ (which they get via trade) they can do with them as they please. They can get it in cash and roll around in it on their beds, exchange it for another currency, leave it in their reserve account at the fed (checking), or purchase US Treasury bonds (savings) 1/4
Anyone w/ US$ has the same choices, and many choose buying US Treasury bonds because they are risk-free financial assets. They are risk-free b/c the US govt can make ANY payment that comes due in US$. They also add to the national "debt" which people are afraid of. But why? 2/4
No one is afraid of the majority of the "debt" which is "owed" to ourselves, so they must be afraid of foreign held "debt". But if they dislike the "debt" to China (et al.) then they just dislike China's ability to purchase US Treasury bonds, which simply means... 3/4
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