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Created Unequal: The Crisis in American Pay (Anglais) Relié – 24 août 1998


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Book by Galbraith James


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This is a book about pay. Lire la première page
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Couverture | Copyright | Table des matières | Extrait | Index | Quatrième de couverture
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21 internautes sur 22 ont trouvé ce commentaire utile 
A sparring analysis of our current economic crisis. 26 mai 1999
Par grebjon@aol.com - Publié sur Amazon.com
Format: Relié
Created Unequal, by James K. Galbraith, is an increadible book. In a time when most economists stick to the supply-side economic mantra, Galbraith breaks free. He gives a leftist view of the new economic order and the exploitation it has caused. He observes that the point of Welfare as it was concieved was never a safety net, as it should have been, but rather a way to insure a constant flow of low wage workers. He points to the growing wage disparities between the top 1% and the bottom 55%. He knocks down popular misconceptions about the growing inequality, including the technology myth. Galbraith tactfully explains that there has always been changing technology and new skills needed, yet the severity of inequality has never been so great. Galbraith also shows how the Fed's policy to keep unemployment at an artificially high, and immoral, level in order to scare off inflation has hurt a great number of people. Galbraith writes in the same progressive vien that his father, John Kenneth Galbraith, perfected. If you want to know why there have been striking economic inequalities in recent years, buy this book!
7 internautes sur 8 ont trouvé ce commentaire utile 
Outstanding..filled with technical analysis, insights, data. 18 mars 1999
Par Un client - Publié sur Amazon.com
Format: Relié
Editor, Stern's Management Review online, stern@hrconsultant.com Argues that America's wage gap was driven up by public policies shaped by and for the wealthy. Explains the relationship between economic policy and the structure of pay. Shows why knowledge workers have done well and why service worker have not; why consumer industries have lost ground. Shows that differential power, rather than a theory of differential skills, explains inequality in pay. Includes technical notes and bibliography. For those who want to gain insight into inequality in pay this work, by a leading economist, This book is outstanding and filled with technical analysis, insights and supporting data.
13 internautes sur 17 ont trouvé ce commentaire utile 
A compelling case that politics affects wages. 18 juin 1999
Par Charles D. Hayes - Publié sur Amazon.com
Format: Relié Achat vérifié
Galbraith provides a cogent, well-documented argument that instability has more to do with wage inequality than does a mechanism for market efficiency. "When the ocean is flat, rowboats and dinghies can join the trawlers out on the reef where the fish are running. But in a gale, the little boats sink while the large ones do not." He argues that reasonable wages obtain from low unemployment and that expecting science and technology to act as the "centerpiece of a progressive agenda is absurd." Highly recommended.
5 internautes sur 6 ont trouvé ce commentaire utile 
An eye opening look at the american wage structure. 26 mai 1999
Par Un client - Publié sur Amazon.com
Format: Relié
Created Unequal begins by telling the reader that the book will discuss the gap between the highly skilled employee and the unskilled. Mr. Galbraith begins by dicussing the chamge in monetary policy since the 1970's and the change in the labor force, as well. Since the 70's more women and minorities have joined the labor force and the U.S. has enjoyed a prospering economy and slipped into a recession. The main focus of the book is discovering what caused such a huge gap between the skilled and unskilled. One possible solution Mr. Galbraith suggests is the rise in the number of college bound and college graduates in the past twenty years. The increase in education has forced employers to pay these higher skilled employees a greater wage. Another possible answer, which directly relates to education, is the advancement of technology, namely the personal computer. As more and more computer were,and are, becoming part of the business world employers needed to find employees who knew how to operate the new machines. In the beginning, these employees were a rare find and thus, could demand a higher wage. This solution, the most popular among modern economists, is rejected by Galbraith. He states that the rise in education came before the introduction of the personal computer. The technicality and dryness of the book was to be expected as it is a study on a dry science. We did, however, find that the book presented a new outlook on the way sociery functions. The gap between the rich and the poor is large, and ever widening. There no longer exsists a middle class who can keep the balance and rock the vote on Republican, rich favoring policies. Mr. Galbraith is an excellent economist who writes technically on a topic of intrest to everyone.
9 internautes sur 12 ont trouvé ce commentaire utile 
Technically solid, but weaker on policy arguments 23 février 2001
Par Tung Yin - Publié sur Amazon.com
Format: Relié
"Created Unequal" is an impressive work of economic analysis of wage and wealth inequality. Although the book occasionally gets into some relatively rigorous economics, it should be accessible to the determined lay reader.
Professor Galbraith's central thesis is that the amount of wage inequality (the difference between what the wealthiest make and what the poorest make) is tied directly to a number of key factors: the unemployment rate, the interest rate, the strength of the dollar, and so on. Essentially, the lower the unemployment rate, the less the degree of wage inequality. I am simplifying his thesis considerably here, but this is the essence of it. There is a considerable amount of technical research presented that supports the thesis and demonstrating a strong correlation between wage inequality and unemployment.
So, Professor Galbraith makes a persuasive case that the government can affect wage inequality by making certain policy decisions, such as lowering unemployment, raising the minimum wage, weakening the dollar against international currencies, and so on.
But, what is missing from the book is a serious justification of why the free market should not dictate the value of labor. In other words, from a normative standpoint, why should workers be paid two or three or more times the value of their labor? There are egalitarian arguments to be made, of course, but at the same time, if the value of Bill Gates' labor is, say, 100 times more valuable than the work of a custodian, why should Gates' wages be limited to, say, 30 times that of custodian? (At one point, Professor Galbraith suggests a 30-1 limitation.)
In the end, this is an impressive and valuable work. You may or may not agree with the policy decisions that Professor Galbraith supports, but his analysis must be reckoned with.
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