Economic Justice (People's agenda)
|This is a research project at Wikiversity.|
- This essay is on Wikiversity to encourage a wide discussion of the issues it raises moderated by the Wikimedia rules that invite contributors to “be bold but not reckless,” contributing revisions written from a neutral point of view citing credible sources -- and raising other questions and concerns on the associated '“Discuss”' page.
The group promoting "Kansas People's Agenda 2017" brainstormed the following Economic justice issues:
Workers Compensation reform
Minimum wage increase
Higher Ed Internship Pay
Tax policy (get rid of tax cuts for wealthy)
Payday Loan reform
Small business economic development
Graduate student pay
Get rid of sales tax on food
Many of these reforms can be justified under traditional economic theory. However, stronger justification is available from Post-Keynesian economists and proponents of "Modern Monetary Theory" (MMT), who claim that we'd have generally faster, more broadly shared economic growth if we managed the economy for full employment and controlled inflation by ensuring there is adequate competition in all nominally-free markets. Paul Krugman claims that MMT does not include adequate controls for inflation. Stephanie Kelton claims that more traditional economist have overlooked important evidence, e.g., in failing to cite President Carter's deregulation of natural gas as an important contributor to the reductions in inflation that occurred when Paul Volker was chair of the Fed.