Finance affects labor decisions from "summary" of Labor in the Age of Finance by Sanford M. Jacoby
The relationship between finance and labor decisions is a complex one that has evolved over time. In today's economy, financial considerations play a major role in shaping the decisions that companies make regarding their workforce. This influence is not limited to just hiring and firing decisions, but extends to a wide range of labor-related issues. One of the ways in which finance affects labor decisions is through the pressure to increase profitability and shareholder value. In a competitive market, companies are constantly striving to maximize their profits, which often leads to cost-cutting measures. This can result in downsizing, outsourcing, or other strategies that can impact the workforce. Ultimately, these decisions are driven by financial considerations rather than purely labor-related factors. Furthermo...
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