5min chapter

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Arvid J. Lukauskas and Yumiko Shimabukuro, "Misery Beneath the Miracle in East Asia" (Cornell UP, 2024)

New Books Network

CHAPTER

Labor Market Policies and Wage Dynamics in East Asia

This chapter explores the economic difficulties faced by East Asian nations, particularly focusing on low wages and labor market policies. It contrasts the lack of investment in programs for low-income workers with Singapore's successful Progressive Wage Model, which has positively impacted productivity and income inequality.

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