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Rewarding Work: How to Restore Participation and Self-Support to Free Enterprise, With a New Preface. 2nd New edition
・ISBN 978-0-674-02694-0 paper US$ 32.00
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| 著者・編者 | Phelps, Edmund, |
|---|---|
| 出版社 | (Harvard University Press, US) |
| 出版年月 | 2007 |
| ページ数 | 208 pp. |
| 言語 | ENG |
| ニュース番号 | ＜A03-68104＞ |
解説
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.