Search -
Rewarding Work: How to Restore Participation and Self-Support to Free Enterprise
Rewarding Work How to Restore Participation and SelfSupport to Free Enterprise Author:Edmund S. Phelps For two hundred years, the economic engine of capitalism has enabled Americans who are willing to work hard and save money to lead a comfortable life. Since the 1970s, however, a gulf has opened between the wages of low-paid workers and those of the middle class. A crucial task for our economic and political system, Phelps asserts, is to de... more »vise methods to help less productive workers draw a reasonable wage, thereby reintegrating them into the economic mainstream. He suggests a graduated schedule of subsidies to employers for every low-wage worker they employ--an engineering of wage structures designed to bring the disadvantaged into the mainstream.« less