DESIGNING INCLUSION: TO0LS TO RAISE LOW-END PAY AND EMPLOYMENT IN PRIVATE ENTERPISE; ED. BY EDMUND S. PHELPS

Economists may suppose that low-wage work can result in correspondingly low productivity. The best solution to high unemployment and turnover and low productivity is to pay users of low-wage labor a subsidy for each unit of labor they use. Top economists examine the best ways to address the problem of low wages and employment in the low-skilled labor pool.