Globalization And The Politics Of Pay.
Susan B. Hansen
Georgetown University Press
3240 Prospect Street, NW, Washington D.C. 20007
1589010084 $24.95 www.press.georgetown.edu 1-202-687-5889
Globalization And The Politics Of Pay: Policy Choices In American States by Susan B. Hansen (Professor Of Political Science and Women's Studies at the University Of Pittsburgh) is a scholarly and serious-minded study of the economic, political, and social causes of declining overall labor wages in the United States. Daring to defy the conventional wisdom that globalization is placing the primary downward pressure on American wages, Globalization And The Politics Of Pay, Hansen's comprehensive analysis presents evidence that free-market ideologies, low voter turnout, and choices made directly by America's states through their laws and policies have had a greater effect on keeping wages low than globalization; furthermore, foreign trade and investment can lead to higher pay in the state labor market. Adhering strictly to rigorous economic principles, Hansen presents new measures of state and federal labor costs in order to scrutinize the good and bad effects of reducing wages and benefits. Above all, Globalization And The Politics Of Pay warns that while higher labor costs can be blamed for creating more unemployment, lower labor costs and declining personal income can bring about slower economic growth and a reduced position in international trade. Highly recommended.
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|Title Annotation:||Globalization and the Politics of Pay: Policy Choices in American States|
|Article Type:||Book review|
|Date:||Oct 1, 2006|
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