The last thing anyone would have expected in 1970 is for the lowest paid workers in the US, UK and Australia to have their relative positions deteriorate over the next fifty years. Yet, this is exactly what has happened. In an economy which has for many years been productive enough to end absolute poverty for good, millions of people have been left in financial hardship, for reasons rooted not in economics, but ideology.
There is a clear connection between income insecurity and marriage. More specifically, the lack of it. In an era where fewer people are marrying, full employment policies and the job guarantee is the best way to strengthen family financial stability, says Economist Professor Bill Black. A job guarantee program would also allow for the closure of one of the great perception gulfs between progressives and conservatives.