Less Work For Less Pay

Abstract

Marshaling an array of data, Less Work for Less Pay shows rather than tells us why economic prosperity for America and other Western nations is now beyond the ability of central bankers and federal governments to accelerate through their creative stimulus actions. Instead, these measures often serve to delay the inevitable rebalancing of labor, debt, taxes and regulatory reform that is vital for greater economic competitiveness among these nations. Multinational corporations figured this out years ago as they continue to aggressively pursue foreign markets and tax advantages in the world economy. Meanwhile, workers within Western economies are grudgingly adjusting to a world of contingency, contract and part-time employment as opportunities for permanent well-paying jobs shrink.

Regrettably, the United States and other developed nations remain obliviously stuck to antiquated labor, debt, and regulatory policies that fail to reflect the dynamic economic environment globalization and technology has created. More optimistically, remedies are offered to undertake many of the modern employment challenges neglected by current public policies.

About the Author

Randall Margo presently serves as an Adjunct Professor at Golden Gate University and Research Fellow at William Jessup University. Previously, he worked as a local government administrator, a partner in a management consulting firm, and an executive director for a not-for-profit agency researching tax and regulatory policies for businesses located in the tri-state area of Iowa, Nebraska and South Dakota. He also worked as a management consultant for a Big 4 Public Accounting Firm and as a Performance Auditor for the cities of Oakland, San Francisco, and Kansas City, Missouri. He obtained his undergraduate degree in Political Science from U.C. Berkeley, his Master's Degree in Public Administration from Cal State East Bay, and his Doctoral Degree in Public Administration from Golden Gate University.