Worker benefits tied to financial markets from "summary" of Labor in the Age of Finance by Sanford M. Jacoby
The idea of worker benefits being linked to financial markets is a crucial aspect of the modern labor landscape. This connection reflects the broader shift towards financialization in the economy, where the performance of financial markets has a direct impact on various aspects of workers' lives. Traditionally, worker benefits were tied to the performance of the company they were employed by. However, with the rise of financialization, the fortunes of workers are increasingly intertwined with the fluctuations of financial markets. This linkage has significant implications for workers, as it exposes them to the risks and uncertainties of the financial system. For example, the value of retirement f...
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