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Workplace relations, unemployment and finance-dominated capitalism

Author

Listed:
  • Gary Slater

    (University of Leeds, UK)

  • David A. Spencer

    (University of Leeds, UK)

Abstract

This paper considers the interconnections between the nature and organization of work and the level of unemployment. We consider how actions taken at the workplace level can impede as well as facilitate the reduction in unemployment. We also consider how the workplace may be reformed to overcome some of the obstacles, economic as well as political, to full employment. Finally, we examine the impacts of the current finance-dominated capitalism on work organization and workers. Our view is that financialization represents a major barrier to full employment, not only because of its tendency to limit real investment but also because of its negative effects on the bargaining power of workers.

Suggested Citation

  • Gary Slater & David A. Spencer, 2014. "Workplace relations, unemployment and finance-dominated capitalism," Review of Keynesian Economics, Edward Elgar Publishing, vol. 2(2), pages 134-146, April.
    • Handle: RePEc:elg:rokejn:v:2:y:2014:i:2:p134-146
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    References listed on IDEAS

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    Cited by:

    1. Pintu Parui, 2023. "Worker household debt, functional income distribution and growth: A neo‐Kaleckian perspective," Metroeconomica, Wiley Blackwell, vol. 74(2), pages 446-476, May.
    2. Eric Kemp-Benedict & Yun K. Kim, 2018. "Technological Change, Household Debt, and Distribution," Working Papers 2018-02, University of Massachusetts Boston, Economics Department.
    3. Ikseon Suh & John T. Sweeney & Kristina Linke & Joseph M. Wall, 2020. "Boiling the Frog Slowly: The Immersion of C-Suite Financial Executives into Fraud," Journal of Business Ethics, Springer, vol. 162(3), pages 645-673, March.

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    More about this item

    Keywords

    unemployment; labour productivity; full employment; financialization;
    All these keywords.

    JEL classification:

    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General

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