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Rewarding Work
How to Restore Participation and Self-Support to Free Enterprise, With a New Preface
Language
English
English
Book
Paperback
Since the 1970s, a gulf has opened between the pay of low-paid workers and the pay of the middle cla...
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Libristo code: 04635079
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Since the 1970s, a gulf has opened between the pay of low-paid workers and the pay of the middle class. No longer able to earn a decent wage in respectable work, many have left the labour force, and the job attachment of those remaining has weakened. For Edmund Phelps, this is a failure of political economy whose widespread effects are undermining the free-enterprise system. His solution is a graduated schedule of tax subsidies to enterprises for every low-wage worker they employ. As firms hire more of these workers, the labour market would tighten, driving up their pay levels as well as their employment.
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About the book
Full name
Rewarding Work
Author
Edmund S. Phelps
Language
English
English
Binding
Book - Paperback
Date of issue
2007
Number of pages
208
EAN
9780674026940
ISBN
0674026942
Libristo code
04635079
Publishers
Harvard University Press
Weight
310
Dimensions
154 x 232 x 13
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