Rewarding work
how to restore participation and self-supoort to free enterprise
- ISBN: 9780674026940
- Editorial: Harvard University Press
- Fecha de la edición: 2007
- Lugar de la edición: Cambridge (MSS). Estados Unidos de Norteamérica
- Encuadernación: Rústica
- Medidas: 24 cm
- Nº Pág.: 179
- Idiomas: Inglés
Papel: Rústica
29,66 €
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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.
