Wage-Led Growth examines the causes and consequences associated
with the falling wage share and rising inequality in income
distribution, relating to both aggregate demand and labour
productivity. It presents new empirical and econometric evidence
regarding the economic causes and potential impact of changing
income distribution. The volume also analyses the policy
implications and strategies for a wage-led recovery that would
alleviate the global problems associated with the rising household
debt needed to sustain consumption expenditures and with new
mercantilist policies based on wage moderation. In turn, it
provides an overarching framework that will prove invaluable to
present and future researchers and policy-makers.
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