Labor standards fluctuate with finance from "summary" of Labor in the Age of Finance by Sanford M. Jacoby
Labor standards are intricately linked to the world of finance in ways that are not immediately obvious. While labor standards are often seen as fixed or static measures of workplace conditions, they are in fact highly dynamic and subject to change based on financial factors. This relationship between labor standards and finance is a complex one, with each influencing the other in a variety of ways. One way in which finance impacts labor standards is through the pressure that financial markets can exert on companies to maximize profits. In an increasingly competitive global economy, companies are under constant pressure to cut costs and increase efficiency in order to attract investment and remain competitive. This can lead to a race to the bottom in terms of labor standards, as companies seek to reduce labor costs in order to improve their bottom line. At the sa...
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