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

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Rewarding Work: How to Restore Participation and Self-Support to Free Enterprise, With a New Preface image
ISBN-10:

0674026942

ISBN-13:

9780674026940

Author(s): Phelps, Edmund
Edition: 2
Released: Oct 30, 2007
Publisher: Harvard University Press
Format: Paperback, 208 pages
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Description:

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.

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Rewarding Work: How to Restore Participation and Self-Support to Free Enterprise, First Edition image
Rewarding Work: How to Restore Participation and Self-Support to Free Enterprise, First Edition
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ISBN-13:9780674094956
Rewarding Work: How to Restore Participation and Self-Support to Free Enterprise, First Edition image
Rewarding Work: How to Restore Participation and Self-Support to Free Enterprise, First Edition
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ISBN-13:9780674094963

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