Unemployment exacts a high cost to its victims, not only in lost income, but also in terms of quality of life (insecurity, depression, abandoned families, divorce, poorer health, suicide). It also exacts a high cost to society in terms of lost output, foregone tax revenue, depreciating skills (human capital), and increased costs of welfare, crime, and health care. Yet, it exists because it serves the interests of the owners of productive wealth by holding down wages and disciplining the workforce. If workers are not content with their wages or work conditions, there are the unemployed who can replace them. But unemployment is morally wrong and socially irrational. It can be eliminated by guaranteeing employment at living wages with benefits and reskilling where necessary. In addition to ending the personal and social costs noted above, guaranteeing employment would eliminate poverty, limit welfare to those unable to work, reduce inequality, improve work quality, better enable meeting the challenges of robotization and globalization, stimulate entrepreneurship and serve as a powerful automatic stabilizer (reducing the boom-bust swings of the economy). This chapter also reveals guaranteed employment’s superiority to a universal basic income, addresses its costs and implementation, and clarifies why it has not been enacted before, even though it is broadly supported by the public.