REWARDING WORK by Edmund S. Phelps ( 9780674026940 ) - Books & Audio Books at Pickabook.co.uk

Item Details

Title:

REWARDING WORK
HOW TO RESTORE PARTICIPATION AND SELF-SUPPORT TO FREE ENTERPRISE

By:

Edmund S. Phelps

Format:

Paperback

List price:

£26.95

Our price:

£21.56

Discount:

20% off

You save:

£5.39

ISBN 10:

0674026942

ISBN 13:

9780674026940

Availability:

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Stock:

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Publisher:

HARVARD UNIVERSITY PRESS

Pub. date:

1 September, 2007

Edition:

2nd Revised edition

Pages:

208

Description:

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.

Synopsis:

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.

Illustrations:

1 table

Publication:

Imprint:

Harvard University Press

Returns:

Returnable

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