abstract: 'The global economic crisis has led to a sharp slowdown in growth and an

  even greater slowdown in employment creation. The resulting

  deterioration in the quality of employment has exacerbated the

  longer-term trend of rising inequality. Jobless growth has dampened

  output growth through a worsening income distribution. Wages are costs

  on the supply side but are also incomes on the demand side, so that

  profit-led growth and wage-led growth are complements, not substitutes.

  Thus, growth can create jobs, while added jobs can drive growth. More

  employment and better jobs can also mitigate rising inequality. If

  macroeconomic policies focus on fostering employment creation and

  supporting economic growth, rather than on price stability and balanced

  budgets, employment would revive growth and reduce inequality.'
affiliation: 'Nayyar, D (Corresponding Author), Jawaharlal Nehru Univ, New Delhi 110067,
  India.

  Jawaharlal Nehru Univ, New Delhi 110067, India.'
author: Nayyar, Deepak
author-email: nayyar.deepak@gmail.com
author_list:
- family: Nayyar
  given: Deepak
da: '2023-09-28'
doi: 10.1111/j.1564-913X.2014.00208.x
eissn: 1564-913X
files: []
issn: 0020-7780
journal: INTERNATIONAL LABOUR REVIEW
keywords: 'employment; decent work; economic recession; economic growth; poverty

  alleviation'
language: English
month: SEP
number: '3'
number-of-cited-references: '20'
pages: 351-364
papis_id: dab89287ea93b7cf120938e1d9895bc1
ref: Nayyar2014whyemployment
times-cited: '9'
title: 'Why employment matters: Reviving growth and reducing inequality'
type: Article
unique-id: WOS:000344175700001
usage-count-last-180-days: '0'
usage-count-since-2013: '17'
volume: '153'
web-of-science-categories: Economics; Industrial Relations \& Labor
year: '2014'