Rewarding Work: How to Restore Participation and Self-Support to Free Enterprise
By: Phelps, Edmund S
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Material type: 
BookPublisher: Cambridge, Mass., Harvard University Press, 1997Description: 208 pages.ISBN: 0-674-09495-6.Subject(s): wages | reasonable wages | low wages | wage structure | wage subsidies | USAOnline resources: Publisher's website Summary: For two hundred years, the economic engine of capitalism helped make the United States a nation where almost anyone willing to take initiative, work hard, and save money could lead a comfortable life, raise a family, and assume an active role in the community. Since the 1970s, however, a gulf has opened between the wages of low-paid workers and those of the middle class. With this decline in their reward, workers’ job attachment has weakened, thus reducing employment. The entitlements of the welfare state have magnified the effect. The effects in turn on crime rates, drug abuse, and other indicators of social breakdown are costly for everyone.
| Item type | Current location | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|
| Monography | Library | J3 52 (Browse shelf) | Available | 41348 |
For two hundred years, the economic engine of capitalism helped make the United States a nation where almost anyone willing to take initiative, work hard, and save money could lead a comfortable life, raise a family, and assume an active role in the community. Since the 1970s, however, a gulf has opened between the wages of low-paid workers and those of the middle class. With this decline in their reward, workers’ job attachment has weakened, thus reducing employment. The entitlements of the welfare state have magnified the effect. The effects in turn on crime rates, drug abuse, and other indicators of social breakdown are costly for everyone.
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