Rabble's own Duncan Cameron is showing us how Biden's full employment policies might help Canadians!:
Joe Biden calls for full employment. Will Ottawa do the same?; rabble.ca; Duncan Cameron; June, 1, 2021; https://rabble.ca/columnists/2021/06/joe-biden-calls-full-employment-will-ottawa-do-same
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U.S. President Joe Biden rejects the idea of an economy where workers have to compete for jobs. With an analysis you would expect from a social democratic government, Biden is calling for the U.S. to move to an economy where companies have to compete for workers.
In a full employment economy, it costs companies to maintain workers or hire new employees.
When Biden states that companies will have to compete for workers, that means businesses will have to provide wage increases. The wage increases amount to a redistribution of income from owners' profits to workers.
A redistribution of income -- from business profits to workers' wages -- is a classic social democratic policy objective.
Such a redistribution, should it occur, is the opposite of what has happened under neoliberalism, where workers' incomes have not kept up with investment income.
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