The contemporary economic crisis should be considered within the framework of the contradictions created by the neoliberal model that was adopted in the mid-1970s, in the United States and throughout much of the world...The contemporary economic crisis should be considered within the framework of the contradictions created by the neoliberal model that was adopted in the mid-1970s, in the United States and throughout much of the world. The changes in the labor market and new forms of workforce exploitation based on deregulation, the increase of off-shoring, and flexible hiring practices have led to ＂new＂ precarious labor conditions. Due to the crisis, the United States labor market has been characterized by four factors： the increase of the unemployment, the unedited growth of the informal sector, a dramatic increase in precarious labor conditions for all workers, especially young people, minorities, and immigrants, and the increasing wage polarization. However, capitalist profit rates have actually substantially increased due to neoliberal policies and the resulting economic crisis. This situation led to a rise in the overexploitation of labor. It has had subsequent effects on unemployment, informal work, precarious labor conditions, and unequal salary distribution, especially in recently created positions. Increased labor flexibility has changed the typical forms of wage employment, and stable employment has been replaced by temporary and part-time employment usually with low wages and without social security and benefits.展开更多
文摘The contemporary economic crisis should be considered within the framework of the contradictions created by the neoliberal model that was adopted in the mid-1970s, in the United States and throughout much of the world. The changes in the labor market and new forms of workforce exploitation based on deregulation, the increase of off-shoring, and flexible hiring practices have led to ＂new＂ precarious labor conditions. Due to the crisis, the United States labor market has been characterized by four factors： the increase of the unemployment, the unedited growth of the informal sector, a dramatic increase in precarious labor conditions for all workers, especially young people, minorities, and immigrants, and the increasing wage polarization. However, capitalist profit rates have actually substantially increased due to neoliberal policies and the resulting economic crisis. This situation led to a rise in the overexploitation of labor. It has had subsequent effects on unemployment, informal work, precarious labor conditions, and unequal salary distribution, especially in recently created positions. Increased labor flexibility has changed the typical forms of wage employment, and stable employment has been replaced by temporary and part-time employment usually with low wages and without social security and benefits.
