Rewarding Work: How To Restore Participation And Self-support To Free Enterprise, With A New Preface by Edmund S. PhelpsRewarding Work: How To Restore Participation And Self-support To Free Enterprise, With A New Preface by Edmund S. Phelps

Rewarding Work: How To Restore Participation And Self-support To Free Enterprise, With A New Preface

byEdmund S. Phelps

Paperback | October 30, 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.

Edmund S. Phelps is McVickar Professor of Political Economy at Columbia University and winner of the 2006 Nobel Prize in Economics.
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Title:Rewarding Work: How To Restore Participation And Self-support To Free Enterprise, With A New PrefaceFormat:PaperbackDimensions:208 pagesPublished:October 30, 2007Publisher:HarvardLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0674026942

ISBN - 13:9780674026940

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