Book
Licensed
Unlicensed
Requires Authentication
You’re Paid What You’re Worth
And Other Myths of the Modern Economy
-
Jake Rosenfeld
Language:
English
Published/Copyright:
2020
About this book
Setting wages isn’t an exact science, but we like to think that our workplace performance provides an objective basis for pay. You’re Paid What You’re Worth offers a bold theory to the contrary, arguing that pay is decided in contests over interests and ideals—that social conflicts, not economic metrics, determine who gets how much.
Reviews
This is the book to throw at your human resources director—not literally, of course—when any attempt is being made to bamboozle you about how decisions on pay have been made. It is all here: the economics, psychology, sociology and (crucially) mythology that underpin wages and how they are set. It is a closely argued, thoroughly researched treatise on how we got here and how pay could be both fairer and more effective as a reward.
-- Stefan Stern Financial World
-- Stefan Stern Financial World
Rosenfeld makes an important contribution to the literature on the determinants of workers’ pay in the United States—and, in doing so, also contributes to debates over the causes of rising pay inequality over the last 50 years in the United States.
-- Joe LaBriola American Journal of Sociology
-- Joe LaBriola American Journal of Sociology
Suitable for all audiences. Undergraduates will appreciate the clarity of prose, absence of jargon, and liberal use of examples. More advanced scholars of work…[will] appreciate Rosenfeld’s extraordinary ability to bring together multiple threads from the literature into a coherent, sweeping argument about the sources of pay inequality and inequity in contemporary labor markets.
-- Kim Weeden Social Forces
-- Kim Weeden Social Forces
A stimulating reading for social scientists.
-- Antonio Abatemarco Journal of Economics
-- Antonio Abatemarco Journal of Economics
Rosenfeld outlines many of the injustices that underpin the American economy…Offers a series of sensible reforms that would help tweak the balance in favor of employees.
-- Andrew Leigh Inside Story
-- Andrew Leigh Inside Story
Rosenfeld debunks contemporary myths about work and wages in this illuminating account.
-- Publishers Weekly
-- Publishers Weekly
You’re Paid What You’re Worth is a lively and rigorous study that will change debates over labor markets. Rosenfeld’s original research serves as a very important rejoinder to old ideas in economics and to conventional wisdom in the mass public.
-- Alexander Hertel-Fernandez, Columbia University
-- Alexander Hertel-Fernandez, Columbia University
Rosenfeld’s book provides a rich sociological theory of the labor market, showing why and how wages are largely set by norms, organizational practices, and institutions.
-- Suresh Naidu, Columbia University
-- Suresh Naidu, Columbia University
A flat-out revelation of a book by one of the nation’s top scholars of the labor market, You’re Paid What You’re Worth is required reading for anyone who cares about the future of work in America. With concise prose informed by history and cutting-edge research, Rosenfeld dispels one myth after another about how the modern economy works and champions thoughtful solutions for how American prosperity can once more lead to broad social uplift.
-- Matthew Desmond, author of Poverty, by America
-- Matthew Desmond, author of Poverty, by America
The growth in earnings inequality requires us to understand what determines pay in the economy. Jake Rosenfeld’s book provides nuanced and bold insight into the question of ‘who gets what and why?’ He challenges widely held assumptions and approaches in this area by probing the impact of fairness norms, organizational inertia and mimicry, and most importantly power in determining pay. In so doing, he provides novel and provocative perspectives on policies to address this pressing problem.
-- David Weil, Dean, The Heller School for Social Policy and Management, Brandeis University
-- David Weil, Dean, The Heller School for Social Policy and Management, Brandeis University
Jake Rosenfeld pulls back the curtain on the multifaceted cultural, institutional, and market forces at play in wage-setting. This timely book illuminates the power dynamics and often arbitrary forces that have contributed to the egregious inequality in the US labor market—and then lays out a clear blueprint for progressive change.
-- Thea Lee, President of the Economic Policy Institute
-- Thea Lee, President of the Economic Policy Institute
Topics
|
Publicly Available Download PDF |
i |
|
Publicly Available Download PDF |
vii |
|
part I: questions about pay
|
|
|
Requires Authentication Unlicensed Licensed Download PDF |
3 |
|
Requires Authentication Unlicensed Licensed Download PDF |
26 |
|
part II: paying for performance?
|
|
|
Requires Authentication Unlicensed Licensed Download PDF |
57 |
|
Requires Authentication Unlicensed Licensed Download PDF |
87 |
|
Requires Authentication Unlicensed Licensed Download PDF |
115 |
|
part III: paying for the job?
|
|
|
Requires Authentication Unlicensed Licensed Download PDF |
147 |
|
Requires Authentication Unlicensed Licensed Download PDF |
185 |
|
part IV: toward a fairer wage
|
|
|
Requires Authentication Unlicensed Licensed Download PDF |
221 |
|
Requires Authentication Unlicensed Licensed Download PDF |
243 |
|
Requires Authentication Unlicensed Licensed Download PDF |
268 |
|
Requires Authentication Unlicensed Licensed Download PDF |
273 |
|
Requires Authentication Unlicensed Licensed Download PDF |
337 |
|
Requires Authentication Unlicensed Licensed Download PDF |
341 |
Publishing information
Pages and Images/Illustrations in book
eBook published on:
February 16, 2021
eBook ISBN:
9780674250857
Pages and Images/Illustrations in book
Main content:
320
eBook ISBN:
9780674250857
Keywords for this book
Inequality; wages and salaries; U.S. economy; good jobs; bad jobs; CEO pay; organized labor; power; corporations; fair pay; productivity; corporate power; equitable future
