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- Author: Edmund S Phelps
- Publisher: Harvard University Press
- ISBN-10: 0674026942
- ISBN-13: 9780674026940
- Format: 15.5 x 23.1 x 1.5 cm, softcover
- Language: English
- SAVE -10% with code: EXTRA
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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.
EXTRA 10 % discount with code: EXTRA
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- Author: Edmund S Phelps
- Publisher: Harvard University Press
- ISBN-10: 0674026942
- ISBN-13: 9780674026940
- Format: 15.5 x 23.1 x 1.5 cm, softcover
- Language: English English
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.
Reviews