Rewarding Work : How to Restore Participation and Self-Support to Free Enterprise - PHELPS, EDMUND

Rewarding Work : How to Restore Participation and Self-Support to Free Enterprise

EDMUND PHELPS

Yayınevi: Harvard University Press

Yayın tarihi: 12/2007

ISBN: 9780674026940

İngilizce |

Tür: Ekonomi  |  İnsan Kaynakları

  • Temin Süresi 28 - 42 iş günü

  • ÜYE GİRİŞİ YAPIN

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  • ÜYE GİRİŞİ YAPIN

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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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