Rewarding Work: How to Restore Participation and Self-Support to Free Enterprise, with a New Preface (Paperback) (ISBN-13: 9780674026940)

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.

Author: Edmund Phelps
ISBN-10: 0674026942
ISBN-13: 9780674026940
Publisher: Harvard University Press
Language: English
Published: 09/01/2007
Pages: 208
Format: Paperback
Weight: 0.70lbs
Size: 9.10h x 6.10w x 0.60d