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Conclusion

In: Toward a Future Beyond Employment

Author

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  • Mehmet Cangul

Abstract

The traditional concept of work is facing a crisis in advanced economies; I claim this is not so much a crisis of numbers, unemployment rate (that can be a misleading number in the first place), but rather of the very concepts underlying labor. It is the inconsistency between the underlying extinction of the traditional notions of work and the insistence on continuing a dying paradigm that is resulting in a self-perpetrated crisis. This inconsistency has long existed, but it was the latest wave of the crisis that exposed it. Economic growth does have an inevitable connection to the growth of labor. However, economic growth, especially one that is fuelled by demand, credit flow (fuelled by reserve currency), and growth of derivative industries, camouflages structural changes that can manifest themselves eventually as crises in the form of unresolved tension points. Thus economic growth and growth of labor can jointly reinforce certain structural excesses and inefficiencies until the point of correction.

Suggested Citation

  • Mehmet Cangul, 2014. "Conclusion," Palgrave Macmillan Books, in: Toward a Future Beyond Employment, chapter 0, pages 173-188, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-34742-8_6
    DOI: 10.1057/9781137347428_6
    as

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