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

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£18.95
Paperback 208 Pages / Published: 02/11/2007
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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.

Publisher: Harvard University Press
ISBN: 9780674026940
Number of pages: 208
Weight: 304 g
Dimensions: 235 x 156 x 13 mm
Edition: 2nd New edition

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