The main goal of the book is to go beyond the microeconomic view of wages as a cost that has negative consequences on the economy and to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand. Wage growth can generate both demand growth and productivity growth. Insufficient wage growth and, more broadly, the polarization of income distribution have contributed to the economic crisis, and thus this process has to be reversed. What we need is a new growth strategy, which the ILO (2012), in its latest global wage report, has called ‘equitable growth’. This will involve increased domestic consumption, supported by rising Wages.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||2013|
|Publication status:||Published in Wage-Led Growth: An Equitable Strategy for Economic Recovery, International Labour Office - Palgrave Macmillan, pp. 1-12, 2013|
|Note:||View the original document on HAL open archive server: https://hal-univ-paris13.archives-ouvertes.fr/hal-01343660|
|Contact details of provider:|| Web page: https://hal.archives-ouvertes.fr/|
When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-01343660. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (CCSD)
If references are entirely missing, you can add them using this form.