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Carrots, Sticks, and Gigs: Social Structures, Labor Extraction, and Platform Work

In: Research in the History of Economic Thought and Methodology: Including a Symposium on David Gordon: American Radical Economist

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  • Jim Stanford

Abstract

This chapter synthesizes two complementary streams in the economic thought of David M. Gordon, and explores their shared relevance to the rise of the “gig” economy in modern economies. Gordon made lasting contributions to the radical political-economic analysis of work and employment. At the microeconomic level of individual workplaces, he and his collaborators originally explained the factors affecting employers’ labor extraction strategies, through which they seek maximum work effort from waged employees while minimizing unit labor costs. At the macroeconomic or structural level, he linked that conflictual process to the broader institutional and structural features of the overall accumulation regime which is essential to any successful incarnation of capitalism. Employment practices and social structures have evolved considerably since Gordon’s passing, but his insights are still useful in understanding the rise of, and limits to, modern work arrangements. In particular, Gordon’s dual portrayal of the parameters of labor extraction, and their positioning within a broader structural and institutional context, provides a convincing explanation of both the recent rise of gig economy practices, and their potential limits.

Suggested Citation

  • Jim Stanford, 2022. "Carrots, Sticks, and Gigs: Social Structures, Labor Extraction, and Platform Work," Research in the History of Economic Thought and Methodology, in: Research in the History of Economic Thought and Methodology: Including a Symposium on David Gordon: American Radical Economist, volume 40, pages 79-102, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rhetzz:s0743-41542022000040a008
    DOI: 10.1108/S0743-41542022000040A008
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