Rewarding Work e-bog
273,24 DKK
(inkl. moms 341,55 DKK)
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 gra...
E-bog
273,24 DKK
Forlag
Harvard University Press
Udgivet
1 juli 2009
Længde
208 sider
Genrer
1KB
Sprog
English
Format
pdf
Beskyttelse
LCP
ISBN
9780674042117
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.