Labor in the age of finance is complex from "summary" of Labor in the Age of Finance by Sanford M. Jacoby
The intersection of labor and finance presents a multitude of intertwined factors that create a complex landscape. The traditional relationship between workers and employers has evolved in the age of finance, bringing new dynamics to the forefront. The expansion of financial markets and the rise of shareholder value as a primary goal have shifted the focus from long-term investment in labor to short-term profit maximization. Labor is no longer viewed solely as a cost to be minimized, but as a variable to be manipulated in the pursuit of financial gain. This shift has led to increased levels of precarious work, where workers are subject to fluctuating schedules, low wages, and limited job security. The financialization of labor has also created a disconnect between workers and the products or services they produce, leading to a sense of alienation and disempowerment. Furthermore, the rise of financial intermediaries and the prolife...
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