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Rewarding Work
Edmund S. Phelps
€ 35.99
€ 30.99
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Description for Rewarding Work
Paperback. Since the 1970s, a gulf has opened between the pay of low-paid workers and the pay of the middle class. The author states this as a failure of political economy whose widespread effects are undermining the free-enterprise system. He proposes a solution: a graduated schedule of tax subsidies to enterprises for every low-wage worker they employ. Num Pages: 208 pages, 1 table. BIC Classification: KCF. Category: (P) Professional & Vocational. Dimension: 232 x 154 x 13. Weight in Grams: 310.
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 ... Read more
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 ... Read more
Product Details
Format
Paperback
Publication date
2007
Publisher
Harvard University Press United States
Number of pages
208
Condition
New
Number of Pages
208
Place of Publication
Cambridge, Mass, United States
ISBN
9780674026940
SKU
V9780674026940
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Edmund S. Phelps
Edmund Phelps won the 2006 Nobel Prize for Economics for deepening our understanding of the relationship between short-run and long-run effects of economic policy. He is Director of the Center on Capitalism and Society at Columbia University and author of many books, including Inflation Policy and Unemployment Theory, Structural Slumps, and Mass Flourishing.
Reviews for Rewarding Work
"Deserves to be widely read and discussed." - The Economist"