JOB GUARANTEE Meaning and
Definition
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Job Guarantee:
A job guarantee refers to a government program or policy that ensures an offer of employment to all individuals seeking work within a specific jurisdiction. It represents a commitment by the government to provide job opportunities to the unemployed, effectively guaranteeing employment for those who are willing, able, and actively seeking work.
A job guarantee program typically involves the creation of public sector jobs in areas that address societal needs, such as infrastructure development, healthcare, education, and environmental protection. These jobs are often designed to be socially useful and contribute to the overall well-being of the community. The program may also offer training and skill development to individuals in order to match their abilities and facilitate smooth integration into the workforce.
The aim of a job guarantee is to ensure that no individual is left unemployed or economically vulnerable, thereby reducing poverty, inequality, and social unrest. By providing a stable income and work experience, a job guarantee program also helps individuals maintain their dignity, self-esteem, and sense of purpose. It can also act as an automatic stabilizer during economic downturns, providing a buffer by absorbing excess labor supply and reducing the negative impacts of recessions.
The implementation and scope of a job guarantee program can vary depending on the specific context and the goals of policymakers. It often involves collaboration between different levels of government, employers, non-profit organizations, and other stakeholders to maximize its effectiveness and positive impact on society.
Etymology of JOB GUARANTEE
The word "job guarantee" is a compound word composed of two separate words: "job" and "guarantee".
1. Job: The word "job" is derived from the Middle English word "jobbe", which originally meant "a piece of work". It can also be traced back to Latin, where "gabulum" meant "a practical joke" or "mockery". Over time, the term "job" has evolved to refer to a specific task or occupation, which an individual undertakes in exchange for payment.
2. Guarantee: The word "guarantee" comes from the Old French word "garantie", which means "warranty, surety, or pledge". It further originates from the Spanish word "garante" and the Italian word "garante", both of which mean "guarantor".
