The great work dilemma: Education, employment, and wages in the new global economy
Economics of Education Review Volume 16, Number 3 ISSN 0272-7757 Publisher: Elsevier Ltd
Advanced industrial economies in the 1990s face a work crisis in creating wage employment in a changing job market without greatly increased wage inequality. But this crisis is political as well as economic, and the highly popular policy focus on more and better education as a solution to the crisis cannot be conceptually separated from the larger politics which surrounds it. The paper suggests that there is a fundamental conflict between a deregulatory philosophy of labor markets and policies that hope to use educational expansion as a means to increasing employment with higher productivity and wages. Rather than focusing on labor market deregulation, the paper argues, it is education and training that should be made more flexible.
Carnoy, M. The great work dilemma: Education, employment, and wages in the new global economy. Economics of Education Review, 16(3), 247-254. Elsevier Ltd.