Rewarding Work
How to Restore Participation and Self-Support to Free Enterprise, With a New Preface
Format:Paperback
Publisher:Harvard University Press
Published:29th Nov '07
Currently unavailable, and unfortunately no date known when it will be back
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 labor 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 labor market would tighten, driving up their pay levels as well as their employment.
"Deserves to be widely read and discussed." - The Economist"
ISBN: 9780674026940
Dimensions: unknown
Weight: unknown
208 pages
2nd New edition