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We first present some of the critiques of mainstream economics, in particular those linked to the labour market seen from a macroeconomic perspective; we then present an alternative view of the labour market, in particular regarding the impact of higher real wages on employment. The chapter ends with a discussion of the implications of such a view for wage bargaining and macroeconomic policies. What is advocated here is a wage-led growth strategy.
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|Date of creation:||2015|
|Publication status:||Published in T. Johannsson. Lönebildning bortom NAIRU, Landsorganisationen Sverige (LO), pp. 134-153, 2015|
|Note:||View the original document on HAL open archive server: https://hal-univ-paris13.archives-ouvertes.fr/hal-01343651|
|Contact details of provider:|| Web page: https://hal.archives-ouvertes.fr/|
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