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Rewarding Work

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

Edmund Phelps author

Format:Paperback

Publisher:Harvard University Press

Published:29th Nov '07

Currently unavailable, and unfortunately no date known when it will be back

Rewarding Work cover

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