Onaran, Özlem (2012) A wage led recovery would help reverse inequalities, increase demand, and help the EU to get out of its crisis. LSE European Politics and Policy (EUROPP) Blog (18 Apr 2012) Blog Entry.
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Mainstream economic thinking holds that low labour costs are key to growth and job creation. Özlem Onaran challenges these assumptions, arguing that low wages have contributed to the rise of the debt-led consumption of the past 30 years, which in turn has led to massive imbalances within Europe and the current crisis. She now calls for a wage-led recovery, a shortening of working hours and an investment in new green industries to lead the European Union out of its crisis.
|Item Type:||Website (Blog Entry)|
|Additional Information:||© 2012 The Author|
|Library of Congress subject classification:||H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
J Political Science > JN Political institutions (Europe)
|Sets:||Collections > LSE European Politics and Policy (EUROPP) Blog|
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