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Labour Market Inequalities

Name: Labour Market Inequalities
Brand: Oxford University Press
SKU: 04529905
Price: 223.03 EUR
Availability: InStock
Author: Mary Gregory
ISBN: 9780199241699

Problems and Policies of Low-Wage Employment in International Perspective

Mary Gregory

Wiemer Salverda

Stephen Bazen

Language

English

Book Hardback

Libristo code: 04529905

Publishers Oxford University Press, October 2000

Low-skilled workers face a future of joblessness or low-wage, insecure employment as technological c... Full description

Libristo code: 04529905

543 b

223.03 €

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Low-skilled workers face a future of joblessness or low-wage, insecure employment as technological change and globalization impact on the advanced economies. 'The European social model' of collective bargaining, minimum wages, employment rights, and social welfare support is alternately cited as both cause and cure. The contributions to this book review the evidence and find that, while the European model cannot remedy adverse global trends affecting low-skilled workers, it does achieve significant success in moderating them. Collective bargaining and wage regulation reduce the incidence of low pay. Minimum wages at prevailing levels provide significant wage protection for more vulnerable workers, without substantial job losses. The significant 'jobs deficit' of Germany relative to the USA in low-wage services is not the outcome of excessively high German wages. Conversely, reliance on wage flexibility to create jobs for the low-skilled does not emerge as economically effective, and can no longer be regarded as the simple panacea.