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Rewarding Work

Name: Rewarding Work
Brand: Harvard University Press
SKU: 04635079
Price: 37.87 EUR
Availability: InStock
Author: Edmund S. Phelps
ISBN: 9780674026940

How to Restore Participation and Self-Support to Free Enterprise, With a New Preface

Edmund S. Phelps

Language

English

Book Paperback

Libristo code: 04635079

Publishers Harvard University Press, September 2007

Since the 1970s, a gulf has opened between the pay of low-paid workers and the pay of the middle cla... Full description

Libristo code: 04635079

91 b

37.87 €

74.07 лв

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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.