Rewarding work : how to restore participation and self-support to free enterprise ; with a new preface

書誌事項

Rewarding work : how to restore participation and self-support to free enterprise ; with a new preface

Edmund S. Phelps

Harvard University Press, 2007

  • : pbk.

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注記

Originally published: Cambridge, Mass. : Harvard University Press, 1997

Includes bibliographical references (p. 177-194) and index

内容説明・目次

内容説明

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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